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    317 Riggs St Oxford, CT 06478

    Sponsored
    For Sale
    $295,000

    2.83-acre industrial lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional 2.83-acre industrial land parcel, located at 317 Riggs Street in Oxford, Connecticut (APN 25-18-4-2), presents a compelling investment opportunity. Priced at $295,000, this level and dry lot is ready for immediate development. The property is zoned for industrial use and boasts convenient access to major transportation arteries, including I-84 and Route 8, ensuring seamless logistics and efficient distribution. All essential municipal utilities—water, sewer, and gas—are readily available on-site. Its strategic location within a thriving business park further enhances its appeal. The property's eligibility for potential tax abatements through the Airport Enterprise Zone program offers significant long-term cost savings. This is a rare opportunity to acquire a well-situated, fully serviced industrial land parcel in a desirable Connecticut location. The property's size and location make it ideal for a variety of industrial uses. Detailed site plans and zoning information are available upon request. Don't miss this chance to secure this prime industrial land in Oxford, CT.

    Property Features for 317 Riggs St

    General Information

    Property type
    Land
    Lot Size
    123,275 SF

    HighLights

    • Level and dry 2.83‑acre parcel ready for immediate development.
    • All municipal utilities (water, sewer, gas) available on‑site.
    • Excellent location in a thriving business park with convenient access to I‑84 and Route 8.
    • Potential for tax abatements through the Airport Enterprise Zone program.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Building Supply Wholesale Shop Auto Repair Shop Gym & Fitness Kitchen & Bath Electrical Service Car Rental Bakery Travel Agency

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oxford
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.1153764
    Latitude
    41.4667495

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    FAQs

    What type of property is this?
    Land - 2.83-acre industrial lot, prime location.
    Where is this land located?
    The property is located at 317 Riggs St Oxford, CT.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: Level and dry 2.83-acre parcel ready for immediate development.; All municipal utilities (water, sewer, gas) available on-site.; Excellent location in a thriving business park with convenient access to I-84 and Route 8.
    Request Owner's contact information
    317 Riggs St Oxford, CT 06478
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    Oxford, CT 06478
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    317 Riggs St Oxford, CT 06478
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