117 Water St Stonington, CT 06378

Building Details

Year Built

1850

Listing office Lori Hopkins-Cavanagh Broker Show Phone

Listing date May 25, 2026

Source Ma-cthomes

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

Report an issue

---

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 Location Intelligence

Similar For Sale Nearby

• 

  $2,550,000

  3,669 SF

  Updated Multifamily Building with Penthouse

  Turn-key multifamily property with a two-story penthouse, three first-floor studio suites, solar power, and 10 on-site parking spaces.

  44 Williams Avenue, Stonington, CT 06355

  View Details
• 

  $479,000

  1,509 SF

  Retail or Office Retail Conversion

  For-sale commercial property with prominent road frontage next to Dunkin’, zoned GC-60 in Stonington.

  138 S Broad Street, Stonington, CT 06379

  View Details
• 

  $4,250,000

  12,145 SF

  Mixed-Use Historic Building

  11-unit mixed-use building with renovated residential suites and four commercial spaces featuring off-the-sidewalk entry and glass storefronts.

  117 Water Street, Stonington, CT 06378

  View Details
• 

  $4,250,000

  12,145 SF

  Mixed-Use Historic Building

  Historic mixed-use property with seven residential suites and four storefront-ready commercial suites.

  117 Water Street, Stonington, CT 06378

  View Details
• 

  $3,700,000

  4,962 SF

  Six-Unit Short-Term Rental Portfolio

  Turnkey portfolio consists of six guest accommodations across three separate buildings in a short-term rental setup.

  9 School (4 and 6 School Place)(Mystic) Street, Stonington, CT 06355

  View Details
• 

  $5,050,000

  4,002 SF

  Turnkey Boutique Hospitality Property

  Pre-zoned LS-5 hospitality use with fully furnished interiors, rooftop communal amenities, and dedicated paved off-street parking.

  32 Broadway Avenue, Stonington, CT 06378

  View Details
• 

  $150,000

  Turnkey Dog Grooming Business

  Established pet grooming business offered with included equipment and assignment of the current lease.

  Undisclosed Street, Stonington, CT 06379

  View Details
• 

  $5,050,000

  Boutique Hotel with Rooftop Pool

  Turnkey, fully furnished hospitality property with rooftop pool and on-site off-street parking for short-term stays or hotel operations.

  32 Broadway Avenue, Stonington, CT 06378

  View Details
• 

  $1,500,000

  Historic Stonington Restaurant Opportunity

  Iconic restaurant property in Stonington Borough with modern enhancements.

  143 Water St, Stonington, CT 06378

  View Details
• 

  $479,000

  1,509 SF

  Retail/Office Building with Road Frontage

  A versatile building next to Dunkin’ on a high-traffic corridor, suited for retail, office, service, or medical use.

  138 South Broad Street, Stonington, CT 06379

  View Details
• 

  $5,000,000

  35,319 SF

  Stonington Event Venue and Farm

  Charming destination on 70+ acres, ideal for events.

  1189 Pequot Trail, Stonington, CT 06378

  View Details
• 

  $365,000

  Stonington Two-Family Home For Sale

  Two-family home with recent upgrades and convenient location.

  51 Pequot Trl, Stonington, CT 06379

  View Details

FAQs

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.