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    29 Spencer Plain Rd Old Saybrook, CT 06475

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    For Lease
    Contact for pricing

    Retail space with high visibility and strong traffic counts.

    Property size:
    4,930 SF
    Lot size:
    1.56 Acres

    Property Features for 29 Spencer Plain Rd

    General Information

    Size
    4,930 SF
    Lot size
    1.56 Acres

    Source: New England Retail Properties Inc Agent Matt Halprin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space Near I-95 Exit

    This retail space is located directly off I-95 at Exit 66, providing high visibility and accessibility. The property benefits from strong traffic counts, with over 11,000 vehicles per day in a thriving retail corridor. Situated on 1.56 acres, the site offers potential for redevelopment or repurposing to fit a variety of uses. The property features excellent frontage and access, located at a signalized intersection with multiple points of ingress and egress. It serves a strong residential and commercial trade area with a growing consumer base. The location benefits from strong retail synergy, surrounded by national and regional tenants, including Big Y Supermarket, Ulta Beauty, Five Guys, Kohl’s, Choice Pet, and Econo Lodge Inn & Suites. The property size is 4,930 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Sal's Pizza & Pasta Pizza Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Old Saybrook
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.4185221
    Latitude
    41.2878138

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    FAQs

    What type of property is this?
    Retail space - Retail space with high visibility and strong traffic counts.
    Where is this retail space located?
    The property is located at 29 Spencer Plain Rd Old Saybrook, CT.
    What are key features of this property?
    This property features: - Prime location directly off I-95 (Exit 66) with high visibility and accessibility.; - Strong traffic counts: Over 11,000 VPD in a thriving retail corridor.; - 1.56 acres suitable for redevelopment or repurposing.
    (860) 729-6810
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    29 Spencer Plain Rd Old Saybrook, CT 06475
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    Old Saybrook, CT 06475
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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
    29 Spencer Plain Rd Old Saybrook, CT 06475
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