410-421 Howe Ave
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410-421 Howe Ave
15,224 SF 100% Leased Retail Building Shelton, CT 06484 $3,400,000 ($223/SF) 7.19% Cap Rate
Investment Highlights
- COMPLETELY RENOVATED FROM TOP TO BOTTOM, INSIDE AND OUTSIDE
- MIXED-USE, 9 RESIDENTIAL APARTMENTS, 4 COMMERCIAL RETAIL UNITS
- CLOSE TO RTE 8, RTE 34 AND ROUTE 15/MERRITT PARKWAY
- 100% OCCUPIED - 7.2% CAP RATE AT CURRENT RENTS AT ASKING PRICE
- 4-WAY SIGNALIZED LIGHT CORNER LOCATION
- DOWNTOWN SHELTON SIDEWALK LOCATION
Executive Summary
Fully occupied mixed use commercial and residential building located in Fairfield County, Shelton, CT. The property is located on a 4-way signalized street light intersection of Howe and Center streets. The building has been completely renovated with all new 9 residential apartments and 4 commercial units. Interior and exterior renovated. Laundry on premises.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$244,627
|
$16.07
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $244,627 |
| Annual Per SF | $16.07 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
15,224 SF
Building Class
C
Year Built
1960
Price
$3,400,000
Price Per SF
$223
Cap Rate
7.19%
NOI
$244,627
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.75
Lot Size
0.20 AC
Zoning
CB-2 - MIXED-USE
Frontage
105 FT on Howe and Center
Amenities
- Bus Line
- Corner Lot
- Air Conditioning
Walk Score ®
Very Walkable (81)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | SHEL-000129D-000000-000047 | Improvements Assessment | $936,390 (2024) |
| Land Assessment | $45,990 (2024) | Total Assessment | $982,380 (2024) |
PROPERTY TAXES
Parcel Number
SHEL-000129D-000000-000047
Land Assessment
$45,990 (2024)
Improvements Assessment
$936,390 (2024)
Total Assessment
$982,380 (2024)
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410-421 Howe Ave
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