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109 Water Street, Stonington BoroughStonington, CT 06378MLS Number 170384177

  • Price: $1,390,000The price has recently decreased
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Price Down Payment Interest Rate Years
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Est. Mortgage: $/month

Federal 30-year interest rate: 3.04% last updated on 2021-04-15

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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  • 2,604Square Feet
  • 0.04Acreage
  • 1900Year Built
  • $19,577Gross annual expense
Investment opportunity! Welcome to the Historical Stonington Borough, this is a mixed use property in the heart of The Borough with through the roof rental potential. Commercial space on the first floor, 2 bedroom apartment on the second floor, and one bedroom open concept apartment on the third floor with water views. The Stonington Borough is a unique historic village enriched with local shops, boutiques, beaches, docks, water accessibilities, and numerous restaurants all within walking distance from 109 Water Street. Directly across the street is Waylands Wharf which offers off street parking, a public dock with a ladder, and a field/gazebo. Take a drive to either one of the neighboring towns of Westerly or Mystic to explore all this area has to offer!
Listed by Sean Conroy of RE/MAX South County

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Call: 860-535-8364

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Basic Information

  • Broker NameRE/MAX South County
  • List Price$1,390,000
  • MLS Number170384177
  • Property TypeCommercial For Sale
  • StatusACT
  • TownStonington
  • Gross annual expense$19,577
  • Gross annual income$52,800
  • Commercial catagoryResidential Income, Retail, Other
  • Also for leaseNo
  • MLS StatusActive

Exterior

  • Exterior featuresAwnings, Sidewalk

Utilities

  • Heat SystemBaseboard, Zoned
  • Heating FuelOil
  • Utilities availableNone/Unknown
  • Water sourcePublic Water Connected
  • Cooling SystemCeiling Fans, Wall Unit, Window Unit
  • Septic approvalNo
  • Septic plan availableNo
  • Sewage systemPublic Sewer Connected

Tax Information

  • Assessed value$389,100
  • Taxes$10,257
  • Tax YearJuly 2020-June 2021
  • Milrate base23
  • Milrate tax district3
  • Milrate total26.36

Building

  • FoundationConcrete
  • RoofAsphalt Shingle
  • Year Built1900
  • Building ConstructionFrame
  • AtticNo
  • Garage Spaces
  • Garage Parking InfoUnassigned, Parking Lot
  • Square Feet2,604
  • Restrooms number of2
  • Stories3
  • Additional space availableNo

Amenities

  • UsmAmenitiesWater View

Auction

  • Bank owned propertyNo

Basic Information

  • Agent ID841557,

Location

  • CountyNew London
  • LocationHighway Access, Downtown, Park, Historic Area
  • NeighborhoodStonington Borough
  • StateCT
  • Zip06378

Property

  • Acreage0.04
  • Lot DescriptionDry
  • Parking Spaces
  • Parking spaces covered
  • Parking spaces uncovered
  • Parking spaces per 1000sqft
  • FloodzoneYes
  • Business includedNo
  • Road Frontage DescriptionPaved Road
  • SwimmingpoolNo

Other

  • Documents AvailableLead Disclosure
  • Lease purchaseNo
  • Purchase optionNo
  • Inventory includedNo
  • Net operating income33223
  • Space is leasedNo
  • Present useConsignment
  • View Count1

Information contained in this Smart MLS listing has been compiled from various sources, all of which may not be completely accurate. Smart MLS makes no warranty or representation as to the accuracy of listing information. All information that influences a decision to purchase a listed property should be independently verified by the purchaser. Copyright 2021 Smart MLS, Inc. All rights reserved.

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