Redevelopment Opportunity on Howe
For Sale
$1,799,000
583 Howe Avenue, Shelton, CT 06484
0.55-acre corner lot suitable for multifamily or mixed-use development.
Property Size11,300 SF
Lot Size0.54 Acres
Price / SF$159.20
Days on Market135
Property Features for 583 Howe Avenue
General Information
Standard status
Active
Size
11,300 SF
Lot size
0.54 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$14,344
Amenities
Corner Lot
Metal Roof
Baseboard Heating
Flat Roof
Hot Air Heating
Sloping Lot
Building Details
Year Built
1910
Listing Agency:
BHGRE Shore & Country
(203) 504-5005
Listed By:
JASON KINARD
Source:
Corcoran
Added: Mar 27
Changed: Aug 8
Last Checked: Jul 16 at 5:18AM
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 BHGRE Shore & Country
Investment Insights
Based on property information with market context.
This 0.55-acre corner lot presents an outstanding redevelopment opportunity. Located at 583 Howe Avenue, Shelton, CT, the property is zoned IB-2 and offers excellent potential for multifamily residential or mixed-use development through special exception or Planned Development District (PDD). The prime corner configuration allows for controlled access and is well-suited for underground parking. The maximum height is believed to be 5 stories from Howe Street grade, offering attractive upper-floor views. Phase I & II reports from 2018 confirmed one historical REC fully investigated with no groundwater impact and no open CTDEEP case. Recent capital improvements completed since 2018 position the site as shovel-ready. The 2024 taxes are $14,618. Shown by appointment only to serious buyers.
Key Highlights
- Outstanding redevelopment opportunity on 0.55‑acre corner lot.
- Zoned IB‑2 with potential for multifamily residential or mixed‑use development.
- Prime corner configuration suited for underground parking.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,057
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 0.55-acre corner lot suitable for multifamily or mixed-use development.
Where is this commercial land located?
The property is located at 583 Howe Avenue Shelton, CT.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: Outstanding redevelopment opportunity on 0.55‑acre corner lot.; Zoned IB‑2 with potential for multifamily residential or mixed‑use development.; Prime corner configuration suited for underground parking.
