Historic Mixed-Use Stonington
For Sale
$4,250,000
117 Water St, Stonington, CT 06378
Eleven-unit mixed-use property in Stonington Borough's commercial Village District.
Property Size12,145 SF
Price / SF$349.94
Days on Market97
Property Features for 117 Water St
General Information
Standard status
Active
Size
12,145 SF
Total Parking Spaces
3
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$20,198
Building Details
Year Built
1850
Listing Agency:
Lori Hopkins-Cavanagh Broker
(413) 333-7776
Listed By:
Lori Hopkins-Cavanagh
Source:
Ma-cthomes
Added: May 25
Changed: Aug 25
Last Checked: Aug 28 at 6:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lori Hopkins-Cavanagh Broker
Investment Insights
Based on property information with market context.
Ocean House is an eleven-unit, mixed-use, historic property featuring seven residential suites and four commercial suites. Located in Stonington Borough's commercial Village District, the renovated residential suites include fully applianced kitchens with dishwashers and private laundry facilities. The four commercial spaces offer off-the-sidewalk entry and glass bay storefronts. The property includes an unfinished, walk-up attic with panoramic tri-state water views, plus a garage and driveway. Stonington Borough features colonial and Victorian homes on cobblestone and slate sidewalks with views of Long Island Sound and Napatree Point. The property has a size of 12145 square feet.
Key Highlights
- Prime location in Stonington Borough's commercial Village District, offering walkability to shops, boating, and waterfront activities.
- Mixed‑use property with seven renovated residential suites and four commercial suites.
- High cap rate of 7.21, indicating strong income potential.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Eleven-unit mixed-use property in Stonington Borough's commercial Village District.
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 $4,250,000.
What are key features of this property?
This property features: Prime location in Stonington Borough's commercial Village District, offering walkability to shops, boating, and waterfront activities.; Mixed‑use property with seven renovated residential suites and four commercial suites.; High cap rate of 7.21, indicating strong income potential.
