549 Howe Ave

Shelton, CT 06484

$1,370,000
Last Sold Price
—
Beds
—
Baths
54,884 Sq. Ft.
$25 / Sq. Ft.
54,884
Sq. Ft.
$25
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 4/13/21
Closed 4/13/21

Description

Investors take notice. Tremendous opportunity. Located in the heart of downtown Shelton. This 54,884 square foot building consist of retail along Howe Avenue. Mixed use and office space inside the atrium and third floor offers more rentable space that's currently not rented. Most of the tenants have been there for many years. The rents are well below market and only a couple tenants have leases. Many of the tenants want to sign leases. The building is in good shape with indoor sprinkler system throughout...Investors take notice. Tremendous opportunity. Located in the heart of downtown Shelton. This 54,884 square foot building consist of retail along Howe Avenue. Mixed use and office space inside the atrium and third floor offers more rentable space that's currently not rented. Most of the tenants have been there for many years. The rents are well below market and only a couple tenants have leases. Many of the tenants want to sign leases. The building is in good shape with indoor sprinkler system throughout the building. All the electrical was gutted and redone. There are six residential apartments. Tremendous opportunity for growth. Owner will to take back some financing. The current property manager has ran the building for 25 years, he's done all of the repairs and rents, and does an excellent job for an extremely reasonable rate. This is what they call a cash cow. IB-2 Zone
  1. Listed by Jay Cannone • William Raveis Real Estate
    P: (203)-375-2800 C: (203)-209-2529 jay@jaycannone.com

Property Details for 549 Howe Avenue

Location
Downtown
Neighborhood
N/A
Garage Parking Info
On Street Parking, Off Street Parking, Parking Lot
LISTING UPDATED: 04/13/2021 01:14 PM

Property Details for 549 Howe Avenue

StatusClosed
MLS #170352778
Days on Market49
Taxes$15,659 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeNon-Residential
MLS Type-
Year Built1950
Lot Size0.34 AC / 14,810 SF
CountyFairfield County
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of William Raveis Real Estate, Jay Cannone

Sold By William Raveis Real Estate, Jay Cannone

Add your commute

Building Information for 549 Howe Avenue

Stories3Residences-Year Built1950Lot Size0.34 AC / 14,810 SF

Payment Calculator

Get preapproved with Rocket Mortgage1

$8,204 per month

30 year fixed, 6.46% Interest

Principal and Interest

$6,899

Property Taxes

$1,305

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 549 Howe Avenue

Summary
Property and Location
  • Directions: Howe Avenue (middle of downtown)
  • Flood Zone: No
  • Latitude: 41.319252
  • Longitude: -73.09533
  • State: Connecticut
Parking
  • Parking Total Spaces: 0
HOA and Fees
  • Tax Year: July 2020-June 2021
  • Property Tax: $15,659
Interior and Exterior Features
Exterior Features
  • Exterior Features: Gutters, Lighting
Interior Features
  • Cooling System: Central Air, Split System, Window Unit
  • Heat Type: Baseboard, Radiant, Zoned
  • Flooring: Concrete, Wall-to-Wall Carpet, Wood
Property
Property and Assessments
  • Additional Space Available: No
  • Construction Description: Frame, Brick
  • Foundation Type: Concrete
  • Present Use: Retail, res apts, mixed use
  • Road Frontage Description: State Road
  • Roof: Built Up, Flat
  • Sq Ft Source: Public Records
  • SubdividableU: Yes
  • Year Built: 1950
  • Bank Owned Property: No
Lot Information
  • Documents Available: Plot Plan/Survey, Zoning Approval
  • Lot Description: Level Lot
  • Parcel Number: 291395
  • Sq Ft Total: 54884.0
  • Zoning: IB-2
Utilities
  • Heat Fuel Type: Gas In Street
  • Sewage System: Public Sewer Connected
  • Utilities Available: Electric, Gas
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Gross Annual Income: 215892
  • Occupied By: Tenant
Building Details
  • Unit Count: 0
  • Number of Stories: 3

Property History for 549 Howe Avenue

DateEvent & SourcePriceAppreciation
Apr 13, 2021

Closed (Public Record)

Public Record #1457627013

$1,290,000—
Apr 13, 2021

Closed (Public Record)

Public Record #1555034541

$1,290,000

+0.3% / yr

Jan 31, 2002

Closed (Public Record)

Public Record #99800579

$1,210,500—
DateEvent & SourcePrice
04/13/2021

Closed (Public Record)

Public Record #1457627013

$1,290,000
04/13/2021

Closed (Public Record)

Public Record #1555034541

$1,290,000

+0.3% / yr

01/31/2002

Closed (Public Record)

Public Record #99800579

$1,210,500

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 549 Howe Avenue

Taxable ValueLand$70,630Additions$759,150Total$829,780
Tax Record2024$15,616 ($1,301 / month)
Home Facts
Total Finished SqFt54,884 SqFtAbove Grade Finished SqFt54,884 SqFtStories1Lot Size14,810 SqFtStyleMiscellaneous CommercialYear Built1950Year Renovated1990ZoningIB-2CountyFAIRFIELDAPNSHLT M:129B L:34

Schools near 549 Howe Avenue

This home is within Shelton School District.
Rating
School
Type
Grades
Distance
Long Hill School
Public - PK to 4
Perry Hill Elementary School
Public - 5 to 6
Intermediate School
Public - 7 to 8
Shelton High School
Public - 9 to 12
Rating
School
Distance
Long Hill School
PublicPK to 4

Perry Hill Elementary School
Public5 to 6

Intermediate School
Public7 to 8

Shelton High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

Similar Homes

Similar Sold Homes

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of William Raveis Real Estate, Jay Cannone

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.