A commercial property at the corner of Center Street and Coram Avenue in Shelton was recently sold by the two family trusts that owned it.

The property currently houses Jeff’s Appliances, Gary’s East Coast Service, Chantel’s Beauty Salon, an auto repair shop and a three-family house.

The buyer, 62 Center LLC, a newly formed local entity with ties to the Boston area, purchased the property for $410,000. The new owner plans to demolish the existing structures and construct a multilevel mixed-use building with a ground-floor restaurant, 39 apartments above and underground parking.

Alan M. Fischer, of Fischer Commercial Real Estate Inc., represented the seller.