Updated Second-Floor Office
For Lease
$1,450/Mo
123 Elm Street, Old Saybrook, CT 06475
Commercial For Lease, Old Saybrook, CT
Space Size1,200 SF
Days on Market303
Property Features for 123 Elm Street
General Information
Property type
Commercial Lease
Property subtype
Other
Zoning
B-2
Lot features
Dry, Level Lot, Cleared
Directions
GPS Friendly
Standard status
Active
Size
1,200 SF
Taxes and HOA fees
HOA Fee
$520 Monthly
Utilities
Sewer type
Shared Septic
Cooling system
Central Air
Water source
Public
Amenities
private restrooms
off-street parking
Building Details
Year built
1985
Listing Agency:
William Pitt Sotheby's Int'l · Sotheby's International Realty
(860) 767-7488
Listed By:
Susan Malan · License #0801539
(617) 645-4392
Added: Nov 11, 2025
Changed: Sep 6
Last Checked: Sep 10 at 7:06AM
MLS# 24138061
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Available for lease, this 1,200-square-foot office unit occupies the second floor of a 1985 commercial building. Recent improvements include new flooring throughout, while private restrooms and central air support day-to-day office operations. The suite is positioned for professional office or wellness-related use within a maintained commercial setting.
The property is near the center of town while offering a more secluded setting. Off-street parking is available, and the building is served by public water and a shared septic system. B-2 zoning provides the applicable commercial land-use designation for the premises.
The property is near the center of town while offering a more secluded setting. Off-street parking is available, and the building is served by public water and a shared septic system. B-2 zoning provides the applicable commercial land-use designation for the premises.
Key Highlights
- 1,200 SF second‑floor office unit
- New flooring installed throughout
- Private restrooms and central air
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.18 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,076
Businesses Nearby
Explore this area
Business Placement
Demographics for 06475, CT
10,481
Population
5,983
Households
1.8
Avg Household Size
55
Median Age
57%
College-Educated
97%
High-School Grad
15.1 sq mi
ZIP Area
694
Density / Sq Mi
$119,500
Median Household Income
$55,081
Median Earnings
$1,823
Median Rent
$479,100
Median Home Value
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Market
Lease Benchmarks for Old Saybrook, CT
$15.51 /SF/Yr
Avg Asking Price
$2.74–$24 /SF/Yr
Price Range
1,877 SF
Avg Space Size
This space is priced 6% below the average of $15.51 /SF/Yr.
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - B-2-zoned workspace includes private restrooms, central air, and off-street parking.
Where is this office units located?
The property is located at 123 Elm Street Old Saybrook, CT.
What is the lease rate?
The lease rate is $1,450/Mo.
What are key features of this property?
This property features: 1,200 SF second‑floor office unit; New flooring installed throughout; Private restrooms and central air
