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    117 Water St Stonington, CT 06378

    For Sale
    $4,950,000

    Commercial For Sale - Stonington, CT

    Property size:
    12,145 SF
    Lot size:
    0.12 Acres
    Days on Market:
    53
    Last Refresh:
    Dec 5 at 10:06 pm

    Property Features for 117 Water St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Village Commercial District
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
    Bathrooms
    11
    APN
    2075135
    Parking
    3
    Parking features
    Driveway
    Interior features
    Living Space Available, Window Display
    Exterior features
    Sidewalk, Awnings, Gutters, Lighting, Pole Sign, Door Sign
    Size
    12,145 SF
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Baseboard, Oil
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1840
    Floors in Building
    3
    Flooring type
    Tile, Vinyl, Wood
    Roof type
    Asphalt, Flat, Shingle
    Architectural style
    Other

    Shoreviews, LLC (860) 449-2007 [email protected]

    Listing agent Lori Hopkins-Cavanagh (860) 443-4976

    Listing date Oct 14, 2025

    MLS# 24120465 Listing URL

    Copyright © 2025 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.

    Overview

    Stonington Village Mixed-Use Investment

    This historic mixed-use property, located in Stonington Village, has served the area for centuries as an Inn and later as a hospital. The property now features a mix of commercial and short-term residential spaces. The property is a turnkey investment with potential for further development, including transforming the attic into a penthouse with sweeping views. It is suitable for owner-occupied businesses with a manager's residence or a condo project. The property offers parking across the street on the waterfront, a private garage on site, and off-street parking for two additional vehicles in the driveway. The property is in high demand for both commercial and residential spaces and has zero vacancies. The lot size is 0.12 acres and the property size is 12145 square feet. The property is located in the Village Commercial District.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Switz Real Estate Lodging Shari's Pet Sitting ... Kennel Mystic Doggy Day ... Kennel

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Accounting Firm Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Stonington
    County
    New London
    State
    Connecticut
    Longitude
    -71.9065981
    Latitude
    41.3342099

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    FAQs

    What type of property is this?
    Mixed-use property - Historic Stonington mixed-use property with strong income and development potential.
    Where is this mixed-use property located?
    The property is located at 117 Water St Stonington, CT.
    What is the asking price?
    The asking price for this property is $4,950,000.
    What are key features of this property?
    This property features: - Turn-key investment property with a 6.05 NOI and healthy income.; - Zero vacancies and high demand for both commercial and residential spaces.; - Prime Stonington Village location with a rich history.
    (860) 443-4976
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    117 Water St Stonington, CT 06378
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