A Stonington Borough unique opportunity to purchase two adjoining properties on a gracious corner lot at the intersection of Water and Pearl Streets. Properties being sold as one and include the gallery space and upper rental apartment at 155 Water Street along with the 18th century home at 16 Pearl Street commonly known as the "Commander Buddington" homestead. The 16 Pearl Street water view home has been updated with modern kitchen and bathrooms and can easily accommodate guests on multiple levels in this highly sought after community. Both homes showcase glistening hardwood flooring on multiple levels with attention to detail throughout. This property is mixed use for both residential and commercial uses and ideal for potential revenue opportunities. The nearby Stonington Village point provides some of the most picturesque water vantage points for viewing Little Narragansett Bay, Fisher's Island and Sandy Point. This Stonington Borough home is nestled in the heart of this historic quaint fishing village with nearby amenities which include the Stonington Free Public Library, Lighthouse Museum, duBois Beach, paddle tennis courts and a selection of marinas for nautical adventures. Enjoy this nautical community's shopping, dining and boating pleasures all within a short distance from your doorstep. Stonington Borough is strategically located between New York and Boston with convenient access to Interstate 95 and multiple train stations for Amtrak and Shoreline East.