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Property profile & analytics
FOR LEASE
Commercial land

196 Main St Old Saybrook, CT 06475

Entity Owned Absentee Owner Free & Clear
Property ID
US15-1157860
Property summary
AI-generated overview

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 profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Zoning code B1
APN OSAY M:037 B:131 L:A
UPID US15-1157860
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
AAA ALLIED GROUP INC
AAA ALLIED GROUP INC
Zoning & alternative use
B1 · Old Saybrook, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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