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Two-Level Updated Office Space
For Sale
$139,000

123 Elm Street, Old Saybrook, CT 06475

COMMERCIAL - Old Saybrook, CT

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

Property Features for 123 Elm Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning B-2
Bathrooms 2
Full bathrooms 1
Half bathrooms 1
Rooms Bathroom 2, Bathroom 1
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

Tax Year 2026
Tax Annual Amount 271
HOA Fee $492 Monthly

Utilities

Sewer type Shared Septic
Cooling system Central Air
Water source Public

Building Details

Year built 1985
Listing Agency: William Pitt Sotheby's Int'l · Sotheby's International Realty
Listed By: Susan Malan · License #0801539
Added: Nov 11, 2025 Changed: Aug 4 Last Checked: Aug 11 at 8:06PM
MLS# 24138058

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 office unit offers approximately 1,200 square feet across two levels, complemented by a lower-level basement that’s ideal for storage. Brand-new flooring runs throughout the space, and the unit includes two restrooms. The layout is designed for a bright, professional work environment, supported by central air.

Located at 123 Elm Street in Old Saybrook, the property provides off-street parking and exterior site features including sidewalk, gutters, lighting, and pole and door signage. The building was constructed in 1985. Public water and shared septic services support the unit.

If you’re looking for additional space, unit 13 (MLS #24138052) and unit 14 (MLS #24138054) are also available and can be combined for a total of 3,600 square feet.

Key Highlights

  • Approximately 1,200 SF across two levels plus a lower‑level basement ideal for storage
  • B‑2 zoning
  • Brand‑new flooring throughout

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

941
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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Updated two-level office unit with two restrooms, central air, basement storage, and B-2 zoning.
Where is this office units located?
The property is located at 123 Elm Street 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: Approximately 1,200 SF across two levels plus a lower‑level basement ideal for storage; B‑2 zoning; Brand‑new flooring throughout
More about this property
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