2 Morse RdOxford, CT 06478

Property Details for 2 Morse Rd

Year built

1988

Construction

STEEL FRAME

Lot size

3.96 AC

Property size (Sq ft)

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.

Location Insight

City

Oxford

County

New Haven

State

Connecticut

Latitude

41.4686

Longitude

-73.1501

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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