2 Morse Rd Oxford, CT 06478
- Showrooms
- 25,898 SF
- 3.96 lot acres
Current Use by Public Records
- Morse Watchmans Incorporated / Electronics Manufacturer / Security System Supplier
Property Details for 2 Morse Rd
- Year built
- 1988
- Construction
- STEEL FRAME
- Lot size
- 3.96 lot acres
- Property size
- 25,898 SF
- Zone code
- IND
- Property type
- Showrooms
- APN
- OXFO M:18 B:32 L:6-A-2
- APU
- OXFOM18B32L6A2
Description
This exceptional 33,000 square foot commercial property at 2 Morse Road in Oxford, Connecticut, presents a unique investment opportunity. Built in 1988 and renovated in 2003, this three-story building boasts a desirable blend of executive office and warehouse space, perfectly suited for a variety of businesses. The property sits on a generous 3.96-acre lot and includes ample parking for 60 vehicles, along with two convenient loading docks. The upper level offers approximately 14,000 square feet of well-appointed office space, while the main level provides approximately 15,000 square feet of production or warehouse area. A lower-level warehouse adds another 4,000 square feet of functional space. The building features impressive 11-foot ceilings. Currently, the property generates a substantial net operating income (NOI) of $288,000 annually, with a lease in place through December 21, 2026, including a three-year option to extend. The lease includes pre-determined rent increases for the years 2025 and 2026. The property is zoned for industrial use, offering flexibility and potential for future expansion. Asking price is $3,200,000. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable Connecticut location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oxford
- County
- New Haven
- State
- Connecticut
- Longitude
- -73.1501
- Latitude
- 41.4686
- CBSA code
- 35300
- CBSA name
- NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
