Two-Level Office Suite with Basement
For Lease
$1,600/Mo
123 Elm Street, Old Saybrook, CT 06475
COMMERCIAL - Old Saybrook, CT
Space Size1,200 SF
Days on Market274
Property Features for 123 Elm Street
General Information
Property type
Commercial Lease
Property subtype
Other
Zoning
B-2
Exterior features
Sidewalk,Gutters,Lighting,Pole Sign,Door Sign
Lot features
Dry, Level Lot, Cleared
Directions
GPS Friendly
Standard status
Active
Size
1,200 SF
Taxes and HOA fees
HOA Fee
$492 Monthly
Utilities
Sewer type
Shared Septic
Cooling system
Central Air
Water source
Public
Amenities
restrooms
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: Aug 7
Last Checked: Aug 12 at 9:06AM
MLS# 24138062
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.
This updated two-level office suite offers approximately 1,200 square feet of workspace, with an additional lower-level basement suited for storage. Brand-new flooring runs throughout the unit, supported by central air for year-round comfort. The space includes two restrooms and benefits from exterior features such as a pole sign and door sign, along with sidewalk, gutters, and lighting.
Located at 123 Elm Street in Old Saybrook, the property is zoned B-2 and described as being near the center of town while tucked away for privacy. It also provides plenty of off-street parking, supporting convenient day-to-day access for staff and visitors.
Additional site and service details include public water and shared septic, with the building constructed in 1985.
Located at 123 Elm Street in Old Saybrook, the property is zoned B-2 and described as being near the center of town while tucked away for privacy. It also provides plenty of off-street parking, supporting convenient day-to-day access for staff and visitors.
Additional site and service details include public water and shared septic, with the building constructed in 1985.
Key Highlights
- Approximately 1,200 SF office across two levels plus lower‑level basement storage
- Brand‑new flooring throughout
- Two restrooms
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.40 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
941
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
Market
Lease Benchmarks for Old Saybrook, CT
$16.15 /SF/Yr
Avg Asking Price
$2.74–$24 /SF/Yr
Price Range
1,901 SF
Avg Space Size
This space is priced 1% below the average of $16.15 /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 - Updated two-level office space with brand-new flooring, two restrooms, and central air plus 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 $1,600/Mo.
What are key features of this property?
This property features: Approximately 1,200 SF office across two levels plus lower‑level basement storage; Brand‑new flooring throughout; Two restrooms
