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    196 Main St Old Saybrook, CT 06475

    For Lease
    Contact for pricing

    Old Saybrook, CT: Build-to-suit or ground lease.

    Lot size:
    43,560 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Old Saybrook, CT property offers a prime 1+ acre pad site ideal for build-to-suit or ground lease opportunities. The site is situated on a larger 5-acre parcel with an existing building featuring up to 3,375 square feet of vacant space, divisible into two units. This versatile space is perfect for retail, medical, or a drive-thru bank branch. The property boasts ample parking with 250+ spaces on-site, ensuring convenient access for customers and employees. The location benefits from high visibility on Main Street (Route 154) and is surrounded by a thriving mix of established businesses including a cafe, pizzeria, tattoo studio, nail salon, medical aesthetics clinic, insurance agency, noodle bar, chiropractic office, fitness center, and martial arts studio. The property's strategic location and ample space make it an attractive investment opportunity for businesses seeking a high-traffic location in a vibrant community. The existing building's vacant space offers immediate occupancy potential, while the pad site allows for custom development to meet specific business needs. This property presents a unique chance to establish a strong presence in a desirable Old Saybrook location. The zip code is 06475.

    Property Features for 196 Main St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    43,560 SF

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    43,560 SF

    HighLights

    • Drive‑thru bank opportunity available on a 1+ acre pad site.
    • High visibility from Main Street (Route 154).
    • Centrally located in Downtown Old Saybrook.
    • Strong demographics in an active shoreline community.
    • Conveniently located 1 mile (3‑minute drive) from I‑95 North and South.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Old Saybrook
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.376206832997
    Latitude
    41.292111518528

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    FAQs

    What type of property is this?
    Office Property / Space - Old Saybrook, CT: Build-to-suit or ground lease.
    Where is this office property / space located?
    The property is located at 196 Main St Old Saybrook, CT.
    What are key features of this property?
    This property features: Drive-thru bank opportunity available on a 1+ acre pad site.; High visibility from Main Street (Route 154).; Centrally located in Downtown Old Saybrook.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    196 Main St Old Saybrook, CT 06475
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