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

123 Elm Street Unit 15, Old Saybrook, CT 06475

Bright office suite with brand-new flooring, two restrooms, and convenient off-street parking.

Property Size1,200 SF
Price / SF$115.83
Days on Market318

Property Features for 123 Elm Street Unit 15

General Information

Standard status Active
Size 1,200 SF
Property subtype General Commercial

Additional Details

Office Units 1

Building Details

Year Built 1985
Stories 2
Listing Agency: William Pitt Sotheby's Int'l
Listed By: Susan Malan · License #0801539
Source: Xome
Added: Sep 18, 2025 Changed: Jul 10 Last Checked: Jul 16 at 5:52AM

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 suite offers approximately 1,200 square feet across two levels, with an additional lower-level basement that can serve as storage. The space has brand-new flooring throughout and includes two restrooms, supporting everyday operational needs for a professional team. The layout is designed for a quiet, productive work environment, with the unit positioned away from main thoroughfares.

The property is located near the center of town and provides plenty of off-street parking for employees and visitors. The offering also notes that Unit 13 and Unit 14 are available for sale, and the spaces can be combined for a larger footprint of up to 3,600 square feet, depending on the buyer’s requirements.

The configuration and finishes make this suite suitable for a range of business uses, including professional offices and wellness services. Owners or tenants seeking a well-maintained, accessible setup with dedicated restroom facilities and supplemental storage should find the two-level arrangement practical for client-facing operations and day-to-day workflow.

Key Highlights

  • Approximately 1,200 SF office space across two levels with a lower‑level basement for storage
  • Brand‑new flooring throughout and a bright interior
  • Two restrooms in the office suite

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

1
Office units

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
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Frequently Asked Questions

What type of property is this?
Office units - Bright office suite with brand-new flooring, two restrooms, and convenient off-street parking.
Where is this office units located?
The property is located at 123 Elm Street Unit 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: Approximately 1,200 SF office space across two levels with a lower‑level basement for storage; Brand‑new flooring throughout and a bright interior; Two restrooms in the office suite
More about this property
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