123 Elm St 1 Old Saybrook, CT 06475-4108
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.
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Donovan & Donovan Law Firm
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Executive Real Estate Real Estate Agency
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Sarette Home Builders Construction Company General Contractor
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Southeastern Connecticut Medical Associates, P.C. Medical Clinic
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Seaside CoWork Suites Coworking & Hybrid Office
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-2 · Old Saybrook, CTOld Saybrook. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.