123 Elm St - Medical CONDO FOR SALE


Old Saybrook, CT 06475
$225,000 USD
860-767-5011
123 Elm St, Old Saybrook, CT for Sale
$225,000 USD
Medical CONDO - FOR SALE
1/21
null | Request Cap Rate

123 Elm St
Old Saybrook, CT 06475


OVERVIEW

This sale includes two commercial office units (Units 1300 and 1400), offering a combined total of approximately 2,400 squarefeet across two floors. Unit 1300 is a first-floor unit, while Unit 1400 is located on the second floor. Well-maintained andupdated, this bright, professional space spans both levels, each featuring brand-new flooring, private restrooms, and a clean,turnkey feel throughout. Unit 1300 is currently leased through May 2027, providing immediate rental income, while Unit 1400offers flexibility for an owner-occupant or additional leasing potential. The layout lends itself well to professional offices,medical or wellness services, creative studios, or a variety of commercial uses. Conveniently located near the center of town yet tucked away for added privacy, the property offers plenty of off-street parking and a quiet, productive setting. An ideal opportunity for investors seeking stable income or business owners looking to secure their own space while off setting expenses with an in-place tenant.

FOR SALE DETAILS

PRICE

$225,000 USD

PRICE/SF

$94 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

10,044 SF

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

B-2

APN/PARCEL ID

OSAY-000036-000059-U000010

ASK ABOUT THIS PROPERTY

Susan MalanWilliam Pitt Sotheby's International RealtyMore Info
860-767-5011

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Susan MalanWilliam Pitt Sotheby's International RealtyMore Info
860-767-5011

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.