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    196 Main St Old Saybrook, CT 06475

    For Sale
    Contact for pricing

    Prime Old Saybrook location, multiple units available.

    Property size:
    1,225 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Old Saybrook, Connecticut retail property, located at 196-210 Main Street (Route 154), offers a diverse range of leasing opportunities. The property encompasses a 5-acre lot with over 250 on-site parking spaces, ensuring ample convenience for tenants and customers. Currently, a thriving shopping center, it features a mix of established businesses including restaurants, a day care, fitness centers, and various retail shops. Available spaces range from 1,225 square feet to a maximum of 3,547 square feet, with the potential for division of larger units. A unique opportunity exists for a drive-thru bank branch on a build-to-suit or ground lease of a separate 1-acre pad site. The property boasts excellent visibility from Main Street (Route 154), benefiting from its central location in downtown Old Saybrook, a vibrant shoreline community with strong demographics. Its proximity to Interstate-95 (1 mile, 3-minute drive) provides easy access for both local and regional clientele. The existing tenants include Paperback Cafe, Fiore Pizzeria, Middletown Adult Education (two locations), The Dead Whale Tattoo Studio, Elegance Nails, Fantasia Consignments, SeaSalt Medical Aesthetics, AAA Insurance, AJ Noodle Bar, Achieve Wellness Chiropractic, BAM Fitness, and Rise Martial Arts. This property presents a compelling investment opportunity for businesses seeking a high-traffic location within a thriving community.

    Property Features for 196 Main St

    General Information

    Property type
    Day care centers
    Square Feet
    1,225 SF

    HighLights

    • Retail space available for lease in Old Saybrook, CT, ranging from 1,225 to 3,547 square feet.
    • A 1‑acre pad site is available for build‑to‑suit or ground lease, ideal for a drive‑thru bank.
    • Unit B9 offers up to 3,547 square feet, divisible into two 2,422 SF and 1,225 SF units, suitable for retail, medical, or other uses.
    • The property features a total lot size of approximately 5 acres and over 250 on‑site parking spaces.
    • Located on Main Street (Route 154) in downtown Old Saybrook, offering high visibility and proximity to I‑95 (1 mile/3 minutes).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Day care centers

    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
    -72.376194369503
    Latitude
    41.29202035302

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    FAQs

    What type of property is this?
    Day care center - Prime Old Saybrook location, multiple units available.
    Where is this day care center located?
    The property is located at 196 Main St Old Saybrook, CT.
    What are key features of this property?
    This property features: Retail space available for lease in Old Saybrook, CT, ranging from 1,225 to 3,547 square feet.; A 1-acre pad site is available for build-to-suit or ground lease, ideal for a drive-thru bank.; Unit B9 offers up to 3,547 square feet, divisible into two 2,422 SF and 1,225 SF units, suitable for retail, medical, or other uses.
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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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