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Commercial Condominium with Workbenches
New
For Sale
$150,000
Pending

10 Canal Street, Westerly, RI 02891

Commercial/Business,Commercial Sale, Westerly, RI

Property Size755 SF
Lot Size0.65 Acres
Days on Market7

Property Features for 10 Canal Street

General Information

Property type Commercial Sale
Property subtype Other
Rooms Basement
Parking 1
Security features Security
Interior features Ceiling Height (7 to 9 Ft)
Basement Full
Subdivision Martin House
Lot features Assoc. Fee, Cul De Sac, Sidewalks, Local Historic District, Downtown
Standard status Pending
Size 755 SF
Lot size 0.65 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 436
HOA Fee $143 Monthly

Utilities

Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1888
Floors in Building 2
Number of units 1
Building materials Brick
Listing Agency: Residential Properties Ltd.
Listed By: Caitlyn Wass · License #RES.0044336
Added: Sep 30 Changed: Oct 4 Last Checked: Oct 6 at 6:06AM
MLS# 1424502

Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Unit M2 is a 755-square-foot commercial condominium with an open interior, a half bath, custom shelving, and workbenches. Improvements include upgraded electrical and a mini-split system. The unit is in the Martin House, a brick building constructed in 1888, and is designated for non-retail, non-residential use; any proposed use requires applicable approvals.

The property is in downtown Westerly, near shops, restaurants, other amenities, and the Amtrak station. The building includes both residential and commercial condominium ownership.

Key Highlights

  • 755‑square‑foot commercial condominium, Unit M2
  • Open layout with workbenches and custom shelving
  • Half bath, newer mini‑split system, and upgraded electrical

Property Analytics

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Current Use

John's Barber Shop Barber Shop Martin House Books (Bike/Boat/Book/etc) Store La Sarta Maria (Bike/Boat/Book/etc) Store Cafe 1888 Cafe & Coffee Shop ladedah! Jewelry (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Dental Office Parking Lot & Garage Tech Support Center (Bike/Boat/Book/etc) Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

822
Businesses Nearby

Demographics for 02891, RI

21,803
Population
12,660
Households
1.7
Avg Household Size
50
Median Age
41%
College-Educated
94%
High-School Grad
26.3 sq mi
ZIP Area
829
Density / Sq Mi
$90,435
Median Household Income
$49,448
Median Earnings
$1,249
Median Rent
$422,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Specialty property - An open work area includes a half bath, custom shelving, upgraded electrical, and a mini-split system.
Where is this specialty property located?
The property is located at 10 Canal Street Westerly, RI.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 755‑square‑foot commercial condominium, Unit M2; Open layout with workbenches and custom shelving; Half bath, newer mini‑split system, and upgraded electrical
More about this property
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