News: Connecticut
Posted: November 18, 2016
Fischer of Fischer Commercial Real Estate sells mixed-use for $410,000
Alan Fischer, Fischer Real Estate Inc.
Shelton, CT The commercial property at the corner of Center St. and Coram Ave. that houses Jeff’s Appliances, Gary’s East Coast Service, Chantel’s Beauty Salon, an auto repair building and a 3-family house has been sold by the two family trusts that owned it. The purchaser was 62 Center LLC, a newly formed local entity with ties to the Boston area. The purchase price was $410,000.
Alan Fischer, CCIM, SIOR, of Fischer Commercial Real Estate Inc. represented the seller.
In yet another example of the resurgence of the downtown area, the new owner plans to demolish the existing structures and construct a multi-level, mixed-use building with a restaurant on the ground floor, 39 apartments above and underground parking.
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