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Property profile

196 Main St Old Saybrook, CT 06475

FOR LEASE
Commercial land
Property ID
US15-1157860
Entity Owned Absentee Owner Free & Clear
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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

Location

196 Main St Old Saybrook, CT 06475
Old Saybrook metro Census 670200 HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
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Value estimations

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Owner & transaction history

Zoning & alternative use

B1 · Old Saybrook, CT

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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