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Historic Stonington Restaurant Opportunity
For Sale
$1,500,000

143 Water St, Stonington, CT 06378

Iconic restaurant property in Stonington Borough with modern enhancements.

Days on Market98

Property Features for 143 Water St

General Information

Standard status Active
Property subtype Commercial

Building Details

Year Built 1850
Listing Agency: Switz Real Estate Associates
Listed By: Kris Whelan
Source: Elliman
Added: Apr 24 Changed: Jul 10 Last Checked: Jul 29 at 1:18PM

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 Switz Real Estate Associates

Investment Insights

Based on property information with market context.

Located at 143 Water Street in Stonington, CT, Water Street Cafe presents a rare investment opportunity in the heart of Stonington Borough. This iconic restaurant property combines historic charm with modern enhancements. Originally built in 1850, the three-story property has been meticulously maintained. Recent renovations include new Andersen windows and a fully modernized kitchen. The property's location has a walk score of 46, indicating it is car-dependent, and a bike score of 49, indicating it is somewhat bikeable.

Key Highlights

  • Iconic restaurant property in the heart of Stonington Borough at 143 Water Street.
  • Rare two‑fold investment opportunity.
  • Historic charm blended with modern enhancements.

Property Analytics

Current Use

Water Street Cafe Restaurant

Suggested Use

Top Pick Building Supply Electrical Service Law Firm Garden Center Kitchen & Bath Showroom Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

358
Businesses Nearby
Balanced
Demand for This Use

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 Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Iconic restaurant property in Stonington Borough with modern enhancements.
Where is this conventional restaurant located?
The property is located at 143 Water St Stonington, CT.
What is the asking price?
The asking price for this property is $1,500,000.
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.
More about this property
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