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    143 Water St Stonington, CT 06378

    For Sale
    $1,375,000

    Iconic restaurant property in Stonington Borough with historic charm.

    Lot size:
    0.07 Acres

    Property Features for 143 Water St

    General Information

    Lot size
    0.07 Acres

    Building Details

    Year built
    1850

    Source: Switz Real Estate Associates Agent Kris Whelan

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Stonington Borough Restaurant Opportunity

    Located at 143 Water Street, Stonington, CT, Water Street Cafe presents a rare investment opportunity in the heart of Stonington Borough. This three-story restaurant property, originally built in 1850, blends historic charm with modern enhancements. The property has been meticulously maintained and thoughtfully updated to preserve its timeless character while maximizing efficiency and appeal. Recent renovations include new Andersen windows and a fully modernized kitchen, ensuring an elevated experience for both guests and operators.
    Insight Report Location Intelligence

    Current Use by Public Records

    Water Street Cafe Restaurant

    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.

    Similar Places Nearby

    Just Desserts Etc

    Location Insight

    • Map
    • Local Demand
    City
    Stonington
    County
    New London
    State
    Connecticut
    Longitude
    -71.9066829
    Latitude
    41.3349178

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    FAQs

    What type of property is this?
    Restaurant - Iconic restaurant property in Stonington Borough with historic charm.
    Where is this restaurant located?
    The property is located at 143 Water St Stonington, CT.
    What is the asking price?
    The asking price for this property is $1,375,000.
    What are key features of this property?
    This property features: - Iconic restaurant property in the heart of Stonington Borough at 143 Water Street.; - Rare two-fold investment opportunity.; - Historic charm blended with modern enhancements.
    (401) 741-4161
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    143 Water St Stonington, CT 06378
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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
    143 Water St Stonington, CT 06378
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