Property summary
This 3,600 square foot, two-story office space in Old Saybrook, CT, is available for lease. Located at 123 Elm Street, this Class B building, constructed in 1985 and renovated in 2019, offers a versatile layout ideal for coworking, creative offices, or executive suites. The space features a bright, open first floor with two large rooms suitable for training or conferencing, along with a kitchenette. The second floor boasts unique mid-century modern semi-circular workspaces, adaptable for individual or collaborative use. Interior walls are reconfigurable for maximum flexibility. Ample surface parking accommodates fourteen vehicles. The property includes a full-height basement for storage. Located near Old Saybrook's main retail corridor and a quarter-mile from I-95, this serene yet convenient location offers privacy and easy access. The lease includes all condominium fees and property taxes. An adjacent suite with three offices is also available for lease. The building has a 9-foot ceiling height and is zoned B-2. Power is 200 amps. There are no elevators. The property is situated on 0 acres of land with a building floor area ratio of 3,600. This space is perfect for a variety of businesses, including legal, financial, real estate, investment, accounting, and creative firms. Its proximity to the shoreline and commuter routes makes it an attractive option for city-based professionals with secondary residences in the area.
Property profile
VerifiedCap rate & NOI
Current use
-
Law Firm
-
Real Estate Agency
-
Construction Company General Contractor
-
Medical Clinic
-
Coworking & Hybrid Office
Location
Value estimations
Owner & transaction history
Zoning & alternative use
one. 1. None. C. Townhouse TH Subzone. 1. None. D. Multi-family MF Subzone. 1. Saybrook Junction Multi-family MF Subzone. The Saybrook Junction Multi- family Subzone overlays that portion of the Shopping Center Business…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
B-2 · Old Saybrook, CTone. 1. None. C. Townhouse TH Subzone. 1. None. D. Multi-family MF Subzone. 1. Saybrook Junction Multi-family MF Subzone. The Saybrook Junction Multi- family Subzone overlays that portion of the Shopping Center Business…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
one. 1. None. C. Townhouse TH Subzone. 1. None. D. Multi-family MF Subzone. 1. Saybrook Junction Multi-family MF Subzone. The Saybrook Junction Multi- family Subzone overlays that portion of the Shopping Center Business…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B-2 in Old Saybrook, CT.
Registration is required before the official district profile is shown.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Property Information
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight