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    549 Howe Avenue

    Shelton, CT 06484
    • $1,399,000
    • STATUS: Active
    • MLS #: 170352778
    UPDATED: 55 min ago
    $1,399,000
    • 0
      BEDS
    • 0.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 54,884
      SQFT
    • $25
      $/SQFT
    Neighborhood:
    N/A
    Type:
    Commercial
    Built:
    1950
    County:
    Area:

    School Ratings & Info

    Description

    Investors take notice. Tremendous opportunity. Located in the heart of downtown Shelton. This 54,884 square foot building consist of retail along Howe Avenue. Mixed use and office space inside the atrium and third floor offers more rentable space that's currently not rented. Most of the tenants have been there for many years. The rents are well below market and only a couple tenants have leases. Many of the tenants want to sign leases. The building is in good shape with indoor sprinkler system throughout the building. All the electrical was gutted and redone. There are six residential apartments. Tremendous opportunity for growth. Owner will to take back some financing. The current property manager has ran the building for 25 years, he's done all of the repairs and rents, and does an excellent job for an extremely reasonable rate. This is what they call a cash cow. IB-2 Zone

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    © 2020 Smart MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Cameron Prestige, LLC. Data last updated: 2020-12-02T10:10:16.103.
    www.cameronprestige.com/homes/111815217
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    549 Howe Avenue Shelton, CT 06484

    • Price: $1,399,000
    • Status: Active
    • Updated: 55 min ago
    • MLS #: 170352778
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.34
    Acres
    54,884
    SQFT
    $25
    $/SQFT
    1950
    Built
    Neighborhood:
    N/A
    County:
    Fairfield
    Area:
    Shelton
    Property Description
    Investors take notice. Tremendous opportunity. Located in the heart of downtown Shelton. This 54,884 square foot building consist of retail along Howe Avenue. Mixed use and office space inside the atrium and third floor offers more rentable space that's currently not rented. Most of the tenants have been there for many years. The rents are well below market and only a couple tenants have leases. Many of the tenants want to sign leases. The building is in good shape with indoor sprinkler system throughout the building. All the electrical was gutted and redone. There are six residential apartments. Tremendous opportunity for growth. Owner will to take back some financing. The current property manager has ran the building for 25 years, he's done all of the repairs and rents, and does an excellent job for an extremely reasonable rate. This is what they call a cash cow. IB-2 Zone
    Exterior Features

    Construction Description FrameBrick Exterior Features GuttersLighting Foundation Type Concrete Lot Description Level Lot Parking Total Spaces 0 Road Frontage Description State Road Roof Information Built UpFlat

    Interior Features

    Cooling System Central AirSplit SystemWindow Unit Flooring ConcreteWall-To-Wall CarpetWood Heat Type BaseboardRadiantZoned

    Property Features

    Bank Owned Property Yn No Commercial Category InvestmentOfficeResidential IncomeRetail Documents Available Plot Plan/SurveyZoning Approval Flood Zone Yn No Garage Parking Info On Street ParkingOff Street ParkingParking Lot Heat Fuel Type Gas In Street Location Downtown Possession Availability Immediate Potential Short Sale Yn No Present Use RetailRes AptsMixed Use Property Tax 15659 Sewage System Public Sewer Connected Sign Yn Yes Subdividable Ynu Yes Utilities Available ElectricGas Water Source Public Water Connected Zoning Ib-2

    Listing information © 2020 Smart MLS
    Listing provided courtesy of Jay Cannone of William Raveis Real Estate.


    © 2020 Smart MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Cameron Prestige, LLC. Data last updated: 2020-12-02T10:10:16.103.
     
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