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$1,500,000 -$300,000 (-16.67%) Price Reduced

  • For Sale
  • Active
  • Commercial
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Welcome to Water Street Cafe, a rare and exciting two-fold vestment opportunity in the heart of Stonington Borough. Located at 143 Water Street, Stonington, CT, this iconic restaurant property seamlessly blends historic charm with modern enhancements, making it a standout offering in the region. This three-story property was originally built in 1850 and has been meticulously maintained property has been thoughtfully updated to preserve its timeless character while maximizing efficiency and appeal. Recent renovations, including new Andersen windows and a fully modernized kitchen, ensure an elevated experience for both guests and operators.

Full Property Details for 143 Water St

General

  • Price: $1,500,000
  • Taxes: (July 2025-June 2026)
  • Status: Active
  • Type: Commercial
  • Source: SMARTMLS
  • MLS ID: 24139483
  • Updated: 2/10/2026
  • Added to Site: 93 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 6
  • Full Bathrooms: 1
  • Half Bathrooms: 5
  • Restrooms: 5

Location

  • County: New London
  • Neighborhood: Stonington Borough
  • Driving Directions: left hand side going south on Water Street

Community

  • Community Name: Stonington Borough

Heating & Cooling

  • Cooling Type: Central Air, Split System
  • Heating Type: Hot Air, Oil
  • Heating Fuel: Oil

Utilities

  • Sewer: Public Sewer Connected
  • Water: Public Water Connected
  • Utility Description: Electric, Gas

Structural Information

  • Roof: Asphalt Shingle
  • Disability Access: 32" Minimum Door Widths, Bath Grab Bars
  • Stories/Levels: 3
  • Stories in Building: 3
  • Square Feet: 4,374
  • Sq. Ft. Source: Public Records
  • Year Built: 1850

Unit Information

  • # Tenants: 1

Unit 1

  • Unit Description: Retail
  • Total Bathrooms: 6
  • Partial Bathrooms: 5

Lot Features

  • Lot Size (Acres): 0.07
  • Frontage: Paved Road
  • Zoning: PC
  • Lot Description: Level Lot

Financial Considerations

  • Assessment Amount: $761,200
  • Tax Year: July 2025-June 2026

Disclosures and Reports

  • Documents Avail.: None
  • Exclusions: some paintings and art
  • Property ID: 2077118

Listed by Switz Real Estate Associates, Kris Whelan

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Listing agent

— 143 Water St —

  • Kris Whelan

    Switz Real Estate Associates

Agent Contact: (401) 741-4161 Office Contact: (860) 572-9501

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 143 Water St

School District:Stonington School District
NameGradesDistance
Stonington Middle School
204 Mistuxet Avenue, Stonington, CT 06355
6-82.5 mi
Stonington High School
176 South Broad St., Stonington, CT 06379
9-123.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 143 Water St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/10/2026
Price Reduced
$1,500,000
-16.67%
MLS
12/08/2025
Price Increased
$1,800,000
30.91%
MLS
11/11/2025
Listed
$1,375,000
186.46%
MLS
1/16/2004
Sold
$480,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 143 Water St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$15,486
4%
$761,200
—
2023
$14,843
-1%
$761,200
—
2023
$14,958
-15%
$761,200
16%
2022
$17,532
-1%
$657,600
—
2021
$17,657
2%
$657,600
—
2020
$17,334
—
$657,600
—
2019
$17,334
-10%
$657,600
-13%
2018
$19,269
15%
$753,300
16%
2017
$16,707
3%
$646,800
—
2016
$16,241
8%
$646,800
3%
2015
$15,077
9%
$627,700
4%
2014
$13,824
2%
$602,900
—
2011
$13,493
—
$602,900
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Switz Real Estate Associates, Kris Whelan

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143 Water Street, Stonington, CT 06378 (MLS# 24139483) is a Commercial property. 143 Water Street is currently listed for $1,500,000 and was received on November 11, 2025. Want to learn more about 143 Water Street? Do you have questions about finding other Commercial real estate for sale in Stonington Village? You can browse all Stonington Village real estate or contact a Coldwell Banker agent to request more information.

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