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Flex Building with Office Space
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15 Progress Drive, Shelton, CT 06484

53,164 SF flex building with 23,495 SF office space.

Space SizeContact for details
Property Size53,164 SF
Days on Market354

Property Features for 15 Progress Drive

General Information

Standard status Active
Size 53,164 SF
Class Class B
Property subtype 8/20/2026

Building Details

Building Size 53,164 SF
Year Built 1980
Listing Agency: Cushman & Wakefield | Stamford
Listed By: Michael Dillon
Source: Cushmanwakefield
Added: Sep 10, 2025 Changed: Aug 22 Last Checked: Aug 25 at 5:50AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield | Stamford

Investment Insights

Based on property information with market context.

This flex building offers a total of 53,164 square feet, including 23,495 square feet of office space distributed across two floors. Situated on a 10-acre site, the building has expansion potential of approximately 60,000 square feet.

Key Highlights

  • 53,164 square‑foot flex building with 23,495 square feet of office space.
  • Expandable by approximately 60,000 square feet on a 10‑acre site.
  • Two floors of office space.

Property Analytics

Current Use

Baker Properties Bakery

Suggested Use

Top Pick Building Supply Electrical Service Kitchen & Bath Showroom Storage Facility (Bike/Boat/Book/etc) Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,333
Businesses Nearby

Demographics for 06484, CT

40,869
Population
16,578
Households
2.5
Avg Household Size
47
Median Age
44%
College-Educated
94%
High-School Grad
30.6 sq mi
ZIP Area
1,336
Density / Sq Mi
$114,739
Median Household Income
$62,338
Median Earnings
$1,661
Median Rent
$435,700
Median Home Value

Market

Lease Benchmarks for Shelton, CT

$20.4 /SF/Yr
Avg Asking Price
$18–$24 /SF/Yr
Price Range
10,922 SF
Avg Space Size

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Office units - 53,164 SF flex building with 23,495 SF office space.
Where is this office units located?
The property is located at 15 Progress Drive Shelton, CT.
What are key features of this property?
This property features: 53,164 square‑foot flex building with **23,495 square feet of office space**.; Expandable by approximately 60,000 square feet on a **10‑acre site**.; Two floors of office space.
More about this property
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