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Updated Office Space For Sale

123 Elm St 15, Old Saybrook, CT 06475

For Sale
$139,000

Updated office space with storage in a convenient location.

Property Size1,200 SF
Price / SF$115.83
Days on Market242

Property Features for 123 Elm St 15

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: Jay A. Lafleur · License #RES.0829368
Source: Elliman
Added: Mar 11 Changed: Aug 8 Last Checked: Aug 8 at 6:21AM

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

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Investment Insights

Based on property information with market context.

This updated office space features approximately 1,200 square feet on two levels, with a lower-level basement suitable for storage. The unit includes new flooring, two restrooms, and off-street parking. The property is located near the center of town, offering a balance of accessibility and privacy. It is suitable for professional offices, wellness services, or other commercial uses. Also for sale are unit 13 and unit 14, which can be combined for a total of 3600 square feet.

Key Highlights

  • Updated office space with approximately 1,200 square feet on two levels.
  • Brand‑new flooring throughout the unit.
  • Conveniently located near the center of town, offering accessibility and privacy.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open 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 HVAC Service Storage Facility 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.

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Office Units in Middlesex County, CT

$140 Jul
$136 Aug
$108 Sep
$115 Oct

Properties on Market for Office Units in Middlesex County

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Office unit - Updated office space with storage in a convenient location.
Where is this office unit located?
The property is located at 123 Elm St 15 Old Saybrook, CT.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: Updated office space with approximately 1,200 square feet on two levels.; Brand‑new flooring throughout the unit.; Conveniently located near the center of town, offering accessibility and privacy.
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