Renovated Mixed-Use
For Sale
$4,250,000
117 Water Street, Stonington, CT 06378
Commercial For Sale, Stonington, CT
Property Size12,145 SF
Lot Size0.12 Acres
Price / SF$349.94
Days on Market238
Property Features for 117 Water Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
PC
Bathrooms
11
Full bathrooms
7
Half bathrooms
4
Rooms
Bathroom 4, Bathroom 11, Bathroom 3, Bathroom 6, Bathroom 9, Bathroom 1, Bathroom 10, Bathroom 2, Bathroom 7, Bathroom 5, Bathroom 8
Parking
3
Interior features
Window Display
Exterior features
Sidewalk,Gutters,Lighting
Lot features
Zero Lot Line, Corner Lot, Level Lot
Directions
Water St. to Church St. on right
Subdivision
Stonington Village
Standard status
Active
Size
12,145 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
20198
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Window Unit(s)
Water source
Public
Amenities
fully applianced kitchen
private laundry
Building Details
Year built
1850
Floors in Building
4
Flooring type
Wood
Listing Agency:
Lori Hopkins-Cavanagh Broker
(860) 443-4976
Listed By:
Lori Hopkins-Cavanagh
(860) 449-2007
Added: Jan 10
Changed: Sep 3
Last Checked: Sep 5 at 3:06AM
MLS# 24148334
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1850, this 11-unit mixed-use property contains seven renovated residential suites and four commercial spaces. The residential units include fully equipped kitchens and private laundry, while the commercial areas feature separate sidewalk-level entrances and glass bay windows. The building totals 12,145 square feet on 0.12 acres and includes wood flooring, baseboard heat, window-unit cooling, public water, and public sewer. A full unfinished attic provides additional space and broad water views, and the property also includes a garage and driveway currently used for storage.
Located at 117 Water Street in Stonington Borough’s Village District, the property is positioned among colonial and Victorian homes, sidewalks, shops, and waterfront-oriented surroundings. The investment is fully occupied and reports a 7.21 cap rate. PC zoning applies to the property.
Located at 117 Water Street in Stonington Borough’s Village District, the property is positioned among colonial and Victorian homes, sidewalks, shops, and waterfront-oriented surroundings. The investment is fully occupied and reports a 7.21 cap rate. PC zoning applies to the property.
Key Highlights
- 11‑unit mixed‑use property with 7 residential suites and 4 commercial spaces
- 12,145 square feet on 0.12 acres; built in 1850
- All residential and commercial spaces are occupied
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
358
Businesses Nearby
Explore this area
Business Placement
Demographics for 06378, CT
5,318
Population
3,144
Households
1.7
Avg Household Size
54
Median Age
59%
College-Educated
99%
High-School Grad
20.9 sq mi
ZIP Area
254
Density / Sq Mi
$126,014
Median Household Income
$57,463
Median Earnings
$1,720
Median Rent
$576,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Occupied residential and commercial suites combine private living amenities with street-level storefront access.
Where is this mixed-use property located?
The property is located at 117 Water Street Stonington, CT.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: 11‑unit mixed‑use property with 7 residential suites and 4 commercial spaces; 12,145 square feet on 0.12 acres; built in 1850; All residential and commercial spaces are occupied
