The Trumbull Building 145 Water St 7,389 SF 100% Leased Retail Building Stonington, CT 06378 $2,727,365 CAD ($369.11 CAD/SF)

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 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.