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Property profile & analytics
OFF-MARKET
Office Spaces

123 Elm St 1 Old Saybrook, CT 06475-4108

1,200 SF Built 1985
Entity Owned 11-yr Hold Free & Clear
Property ID
US15-0897363
Property summary
AI-generated overview

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
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1985
Construction FRAME
Total area 1,200 SF
Zoning code B-2
APN OSAY M:036 B:059 L:U001
UPID US15-0897363
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Donovan & Donovan Law Firm
  • Executive Real Estate Real Estate Agency
  • Sarette Home Builders Construction Company General Contractor
  • Southeastern Connecticut Medical Associates, P.C. Medical Clinic
  • Seaside CoWork Suites Coworking & Hybrid Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Gretel 77 LLC · 11 yrs held
Gretel 77 LLC
since 2015
4 recorded transactions
2015
Price N/A
2014
$137,500
2002
$70,000
1988
$125,000
Zoning & alternative use
B-2 · Old Saybrook, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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