145 Water Street Stonington, CT $ 1,995,000
145 Water Street
$ 1,995,000
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145 Water Street

Stonington, CT, 06378
$ 1,995,000
Bedrooms-- Baths-- Sq 7,389

Monthly Estimate*

$ 12,284

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Commercial Property for sale in Stonington, CT

for $1,995,000. This 7,389 square foot building was built in 1856 on a lot size of 0.09.

The Trumbull Building at 145 Water Street offers a new chapter for this historic asset. Given its storied past and strategic location in "The Borough," this building has a prestigious artistic pedigree with untapped commercial potential. Own a piece of Stonington's cultural soul. Known historically as the Trumbull Building and the longtime creative sanctuary of world-renowned female photographer Rollie McKenna, this 7,000+ sq. ft. mixed-use masterpiece is the ultimate cornerstone for a visionary investor. Nestled in the heart of "The Borough," the property offers a rare combination of high-ceilinged commercial grandeur and storied residential lofts. The Street Level: Currently configured for flexible commercial use (historically three separate galleries), the first floor is a prime candidate for a destination restaurant or flagship retail. With soaring potential, two electrical meters, and a rear private courtyard ideal for an outdoor sculpture garden or al fresco dining, the possibilities for revenue sharing and partnership are boundless. The Lofts: The upper floors house two distinct residential units. The front apartment features magnificent built-in library shelving and light-filled lofts, while the rear apartment preserves the authentic atmosphere of Rollie McKenna's original studio, complete with a functional galley kitchen and private loft space. While the building's 1856 "Vernacular Classical Revival" architecture is timeless, the interior serves as a blank canvas for modern luxury. Whether you choose to gut and reconfigure the mechanicals for maximum efficiency-including a potential basement excavation to further enhance first-floor ceiling heights-or restore the artistic suites to their mid-century glory, 145 Water Street is the most versatile investment in New London County. Walk to the harbor, dine in the village, and own the building where 20th-century literary and artistic history was captured.

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Commercial Active

Price

$ 1,995,000

Property Type

Commercial

Taxes

$ 18,100

Style

Lot Size

0.09

Year Built

1856

Town/City

Stonington

MLS | Web ID

24164460

Features
General
Zoning R
Neighborhood Stonington Borough
County New London
Tax Year July 2025-June 2026
Location Urban
Property Type Commercial For Sale
Status Active
Acres 0.09
Directions Towards downtown Stonington Borough. Over viaduct to Water Street. Building is on left side.
City Stonington
Sq Ft Total 7389
DOM 6
Year Built 1856
Present Use Retail and office residential apartments
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Interior
Utilities Available Electric Telephone Cable
Cooling System Central Air
Flooring Wood
Ceiling Height 12
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Exterior
Water Source Public Water Connected
Lot Description Level Lot
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* Excluded Features
List By
Thomas Switz

Listing Agent

Switz Real Estate Associates

Broker

switzre@aol.com

Email

Affordability Calculator

$13,792
Per Month
89%
11%
0%
Monthly Principal & Interest
$12,284
Monthly Property Taxes
$1,508
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/17/2026$1,995,000 Listed Price

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145 Water Street, Stonington, CT, 06378 is a Commercial Property for sale at $1,995,000 with 7,389 sqft and a lot size of 0.09. 145 Water Street was built in 1856. The property's zip code is 06378 which is in Stonington, CT