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Updated Office Space For Sale
For Sale
$139,000

123 Elm Street #15, Old Saybrook, CT 06475

Updated office space with storage in a convenient location.

Property Size1,200 SF
Price / SF$115.83
Days on Market273

Property Features for 123 Elm Street #15

General Information

Standard status Active
Size 1,200 SF
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $271

Amenities

Central air
Asphalt Shingle Roof
Sidewalk
Central Air Cooling
Cleared
Door Sign
Dry
Gutters
Hot Air Heating
Level Lot
Lighting
Pole Sign

Building Details

Year Built 1985
Listing Agency: William Pitt Sotheby's Int'l
Listed By: SUSAN MALAN · License #0801539
Source: Corcoran
Added: Nov 11, 2025 Changed: Aug 9 Last Checked: Aug 9 at 8:55PM

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 across two levels, complemented by a lower-level basement suitable for storage. The unit features new flooring throughout and includes two restrooms. Off-street parking is available. The property is located near the center of town, providing convenient access while maintaining a degree of privacy conducive to a productive work environment. It is suitable for professional offices, wellness services, or other commercial uses seeking a well-maintained and accessible location. Also for sale are unit 13 and unit 14, and these spaces can be combined for a total of 3600 square feet.

Key Highlights

  • Updated office space with brand‑new flooring.
  • Approximately 1,200 square feet across two levels plus basement storage.
  • Conveniently located near the center of town with added privacy.

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.

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

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
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Updated office space with storage in a convenient location.
Where is this office units located?
The property is located at 123 Elm Street #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 **brand‑new flooring**.; Approximately 1,200 square feet across two levels plus basement storage.; Conveniently located near the center of town with added privacy.
More about this property
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