$1,370,000
$1,399,000
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54,884 SqFt
SOLD DATE : 04/13/2021
Key Details
Sold Price $1,370,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 54,884 sqft
Price per Sqft $24
MLS Listing ID 170352778
Sold Date 04/13/21
Year Built 1950
Annual Tax Amount $15,659
Lot Size 0.340 Acres
Property 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 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
Location
State CT
County Fairfield
Zoning IB-2
Interior
Heating Baseboard, Radiant, Zoned
Cooling Central Air, Split System, Window Unit
Flooring Concrete, Wall-to-Wall Carpet, Wood
Exterior
Exterior Feature Gutters, Lighting
Garage On Street Parking, Off Street Parking, Parking Lot
Utilities Available Electric, Gas
Roof Type Built Up,Flat
Building
Lot Description Level Lot
Story 3
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
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Bought with Jay Cannone • William Raveis Real Estate
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Broker | REB.0791464