Back

1 of 12

2 of 12

3 of 12

4 of 12

5 of 12

6 of 12

7 of 12

8 of 12

9 of 12

10 of 12

11 of 12

12 of 12

410-421 Howe Ave
Shelton, CT 06484

$3,400,000 USD

Storefront Retail Residential For Sale • 15,224 SF

Property Details

Property Type Storefront Retail Residential
Total Building Size 15,224 SF
Lot Size 0.2 AC
Building Class C
Year Built 1960
Cap Rate 7.19 %
Tenancy Multiple
Zoning CB-2

0 Transit Score

81 Walk Score

                
                    Highlights
                
                                COMPLETELY RENOVATED FROM TOP TO BOTTOM, INSIDE AND OUTSIDE
                            
                                100% OCCUPIED - 7.2% CAP RATE AT CURRENT RENTS AT ASKING PRICE
                            
                                MIXED-USE, 9 RESIDENTIAL APARTMENTS, 4 COMMERCIAL RETAIL UNITS
                            
                                4-WAY SIGNALIZED LIGHT CORNER LOCATION
                            
                                CLOSE TO RTE 8, RTE 34 AND ROUTE 15/MERRITT PARKWAY
                            
                                DOWNTOWN SHELTON SIDEWALK LOCATION

Property Flyers

410-421 Howe Avenue Shelton Flyer

Financial Summary (Actual)

Net Operating Income: $244,627 USD (2023)

Cap Rate:

7.19 %

Amenities

Bus Line
Corner Lot
Air Conditioning

Public Transportation

Commuter Rail	Drive	Walk	Distance
Derby-Shelton Station (New Haven Line - Metro-North Commuter Railroad Company (Metro-North))	2 min	15 min	0.7 mi
Ansonia Station (New Haven Line - Metro-North Commuter Railroad Company (Metro-North))	5 min	-	2.3 mi
Airport	Drive	Walk	Distance
Tweed/New Haven	24 min	-	14.9 mi

Jeanette Politano 203-218-3383 Coldwell Banker Commercial Realty

410-421 Howe Ave Shelton, CT 06484