509 Howe Avenue Shelton, CT $ 1,450,000
509 Howe Avenue
$ 1,450,000
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509 Howe Avenue

Shelton, CT, 06484
$ 1,450,000
Bedrooms-- Baths7.0 Sq 17,437

Monthly Estimate*

$ 10,015

509 Howe Avenue, Shelton, CT 06484 - Image 1
509 Howe Avenue, Shelton, CT 06484 - Image 2
509 Howe Avenue, Shelton, CT 06484 - Image 3
509 Howe Avenue, Shelton, CT 06484 - Image 4
509 Howe Avenue, Shelton, CT 06484 - Image 5

Commercial Property for sale in Shelton, CT

for $1,450,000 with 7 full baths. This 17,437 square foot building was built in 1920 on a lot size of 0.34.

RARE DOWNTOWN SHELTON INVESTMENT OPPORTUNITY! Exceptional opportunity to own a multi-building commercial property in the heart of downtown Shelton! Known as 509- 513 Howe Avenue, this unique investment offers established rental income with tremendous potential for additional revenue and future development. Building 509 currently generates strong rental income from two established businesses, including a restaurant and gymnastics studio. The additional buildings offer three commercial storefronts available for lease, creating immediate opportunities to expand income. One storefront is partially framed for a bar or restaurant, offering an exciting opportunity for an owner/operator. Two additional lower-level apartments are approximately 75% complete and could provide further rental income once finished. Adding even more potential, the property has approvals for future development. Unlike many downtown properties, this opportunity also includes a brand-new parking lot with over 20 spaces! Whether you're an investor seeking multiple income streams, a restaurant or business owner looking for an established location, or a developer looking to capitalize on downtown Shelton's continued growth, this property offers exceptional potential. Established income, available space, and exciting possibilities for the future!

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Commercial Active

Price

$ 1,450,000

Full Bath

7

Property Type

Commercial

Taxes

$ 17,052

Style

Lot Size

0.34

Year Built

1920

Town/City

Shelton

MLS | Web ID

24217774

Features
General
Zoning CB-2
Neighborhood N/A
County Fairfield
Tax Year July 2026-June 2027
Location Downtown Strip Mall Retail Corridor
Property Type Commercial For Sale
Status Active
Acres 0.34
Directions Rt. 8 to Ext 12A Howe Avenue.
City Shelton
Sq Ft Total 17437
DOM 8
Year Built 1920
Present Use Restaurant Children's Studio 3 Store or restaurant store fronts availa
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Interior
Utilities Available Electric Gas
Cooling System Zoned
Total Rooms 0
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Exterior
Water Source Public Water Connected
Lot Description Level Lot Sloping Lot
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* Excluded Features
List By
Joe Laucella

Listing Agent

Carey & Guarrera Real Estate

Broker

JosephLaucella@gmail.com

Email

Affordability Calculator

$11,436
Per Month
88%
12%
0%
Monthly Principal & Interest
$10,015
Monthly Property Taxes
$1,421
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/2/2026$1,450,000 Listed Price

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509 Howe Avenue, Shelton, CT, 06484 is a Commercial Property for sale at $1,450,000 with 17,437 sqft and a lot size of 0.34. 509 Howe Avenue has 7.0 baths and was built in 1920. The property's zip code is 06484 which is in Shelton, CT