Redevelopment Opportunity on Howe
For Lease
$1,799,000
583 Howe Ave, Shelton, CT 06484
0.55-acre corner lot suitable for multifamily or mixed-use development.
Space SizeContact for details
Lot Size0.55 Acres
Days on Market151
Property Features for 583 Howe Ave
General Information
Standard status
Active
Lot size
0.55 Acres
Taxes and HOA fees
Annual Taxes
$14,344
Listing Agency:
BHGRE Shore & Country
(203) 979-0920
Listed By:
Jason P. Kinard
(203) 979-0920
Source:
Exprealty
Added: Mar 27
Changed: Aug 20
Last Checked: Aug 24 at 10:21AM
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 in 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 corner configuration provides controlled access, making it well-suited for underground parking. The believed maximum height is 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. A full DD package is available.
Key Highlights
- Redevelopment opportunity on 0.55‑acre corner lot.
- Zoned IB‑2 with potential for multifamily or mixed‑use development.
- Prime corner configuration suited for underground parking.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 Ave Shelton, CT.
What is the lease rate?
The lease rate is $1,799,000.
What are key features of this property?
This property features: Redevelopment opportunity on 0.55‑acre corner lot.; Zoned IB‑2 with potential for multifamily or mixed‑use development.; Prime corner configuration suited for underground parking.
