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Mixed-Use Property with Storefronts

509 Howe Ave, Shelton, CT 06484

For Sale
$1,450,000

The property combines operating businesses, leasable commercial space, apartments in progress, and on-site parking.

Property Size17,437 SF
Price / SF$83.16
Days on Market16

Property Features for 509 Howe Ave

General Information

Standard status Active
Size 17,437 SF
Property subtype Commercial

Tenancy & Operations

Currently Operating Yes
Tenant in Place Yes

Additional Details

Mixed-Use Components retail, residential

Amenities

parking lot

Building Details

Year Built 1920
Tenancy Multi
Listing Agency: Carey & Guarrera Real Estate
Listed By: Joe Laucella
Source: Ctshorelinehomesforsale
Added: Oct 26 Changed: Nov 10 Last Checked: Nov 10 at 2:23PM

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 Carey & Guarrera Real Estate

Rey
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Investment Insights

Based on property information with market context.

At 509 Howe Avenue in Shelton, this multi-building mixed-use property includes a building occupied by a restaurant and a gymnastics studio. Three additional commercial storefronts are available for lease, with one partially framed for bar or restaurant use. Two lower-level apartments are approximately 75% complete.

The property includes a new parking lot with over 20 spaces and has approvals for future development. The main building dates to 1920.

Key Highlights

  • Three commercial storefronts available for lease
  • Restaurant and gymnastics studio occupy building 509
  • Two lower‑level apartments are approximately 75% complete

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Bomba Salon Nail Salon Children's Studio for the Performing ... Training Center

Suggested Use

Top Pick Real Estate Agency Furniture & Home Goods Daycare Center (Bike/Boat/Book/etc) Store Parking Lot & Garage Bakery

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,057
Businesses Nearby
2k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Wells Fargo Shops & Services
2,433 visits/mo 0.3 miles

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Mixed-use properties in Fairfield County, CT

$345 Jul
$313 Aug
$307 Sep
$288 Oct

Properties on Market for Mixed-use properties in Fairfield County

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - The property combines operating businesses, leasable commercial space, apartments in progress, and on-site parking.
Where is this mixed-use property located?
The property is located at 509 Howe Ave Shelton, CT.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Three commercial storefronts available for lease; Restaurant and gymnastics studio occupy building 509; Two lower‑level apartments are approximately 75% complete
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