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Updated Office Space For Rent
For Lease
$1,450/Mo

123 Elm St 14, Old Saybrook, CT 06475

Clean, updated office space with new flooring and private restrooms.

Space SizeContact for details
Property Size1,200 SF
Days on Market151

Property Features for 123 Elm St 14

General Information

Standard status Active
Size 1,200 SF
Property subtype Commercial

Building Details

Building Size 1,200 SF
Year Built 1985
Listing Agency: William Pitt Sotheby's Int'l
Listed By: Susan A. Malan · License #0801539
Source: Elliman
Added: Mar 11 Changed: Aug 8 Last Checked: Aug 7 at 5:56AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of William Pitt Sotheby's Int'l

Investment Insights

Based on property information with market context.

This updated office space offers approximately 1,200 square feet on the second floor. The unit features new flooring throughout and private restrooms. Off-street parking is available. The property is located near the center of town, providing convenient access while maintaining a degree of privacy. It is suitable for professional offices, wellness services, or other commercial uses seeking a well-maintained and accessible location.

Key Highlights

  • Updated office space with brand‑new flooring
  • Approximately 1,200 square feet of space
  • Convenient location near the center of town

Property Analytics

Current Use

Donovan & Donovan Law Firm Executive Real Estate Real Estate Agency Sarette Home Builders Construction Company Southeastern Connecticut Medical ... Medical Clinic Seaside CoWork Suites Coworking & Hybrid Office

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Parking Lot & Garage Storage Facility HVAC Service Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.18 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,076
Businesses Nearby

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

Market

Lease Benchmarks for Old Saybrook, CT

$16.48 /SF/Yr
Avg Asking Price
$2.74–$24 /SF/Yr
Price Range
2,099 SF
Avg Space Size

This space is priced 12% below the average of $16.48 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Clean, updated office space with new flooring and private restrooms.
Where is this office units located?
The property is located at 123 Elm St 14 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: Updated office space with **brand‑new flooring**; Approximately 1,200 square feet of space; Convenient location near the center of town
More about this property
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