New Listing
$1,450,000
( $83.16Per Sq Foot )
 $7,784 est/mo Sourced by Back At You

509 Howe Avenue,Shelton, CT 06484

Shelton, CT 06484

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Description

RARE DOWNTOWN SHELTON INVESTMENT OPPORTUNITY! Exceptional opportunity to own a multi-building commercial property in the heart of downtown Shelton! Known as 509- 513 Howe Avenue, this unique investment offers established rental income with tremendous potential for additional revenue and future development. Building 509 currently generates strong rental income from two established businesses, including a restaurant and gymnastics studio. The additional buildings offer three commercial storefronts available for lease, creating immediate opportunities to expand income. One storefront is partially framed for a bar or restaurant, offering an exciting opportunity for an owner/operator. Two additional lower-level apartments are approximately 75% complete and could provide further rental income once finished. Adding even more potential, the property has approvals for future development. Unlike many downtown properties, this opportunity also includes a brand-new parking lot with over 20 spaces! Whether you're an investor seeking multiple income streams, a restaurant or business owner looking for an established location, or a developer looking to capitalize on downtown Shelton's continued growth, this property offers exceptional potential. Established income, available space, and exciting possibilities for the future!

Details

MLS #24217774
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1920
Days On Site1
Listing Provided ByCarey & Guarrera Real Estate | Joe Laucella

Features

Bath(s) 7 Total
SQ Feet17,437
ZoningCB-2
Acreage0.34

Interior

Total Rooms0
Cooling SystemZoned

Exterior

Roof InformationAsphalt Shingle, Other

Parking

Garage & ParkingPaved
Parking Total Spaces20

Utilities

Utilities AvailableElectric, Gas
Sewage SystemPublic Sewer Connected

Taxes

Tax YearJuly 2026-June 2027
Property Tax17052

Area Information

StateCT
CountyFairfield
CityShelton
Zip Code06484
AreaN | A
Listing VS Median (in 06484)
Price:
$1,450,000
low | high
Med:
$429,900
100% of Average
sqft:
17,437
low | high
Med:
2,211
100% of Average
$ / sqft:
$83
low | high
Med:
$194
83.820436999953% of Average
On site:
1
low | high
Med:
48
2.083333333333% of Average
Sourced by Back At You

Market Activity 06484

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Contact

Learn More About This Property

Andrew Abu Inc Realtors

Andrew Abu Inc Realtors

422167 (508) 836-3333info@andrewabu.com
StateCT
CountyFairfield
CityShelton
Zip Code06484
AreaN | A
Listing VS Median (in 06484)
Price:
$1,450,000
low | high
Med:
$429,900
100% of Average
sqft:
17,437
low | high
Med:
2,211
100% of Average
$ / sqft:
$83
low | high
Med:
$194
83.820436999953% of Average
On site:
1
low | high
Med:
48
2.083333333333% of Average
Sourced by Back At You
Listing Updated: November 2, 2026 at 6:33:50 PM PST
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