509 Howe Avenue
Shelton, Connecticut

Description:

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!

Listing Courtesy of Carey & Guarrera Real Estate