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Office Unit with Private Offices

101 Franklin Street #1C, Westerly, RI 02891

For Lease
$1,250/Mo

A flexible office layout includes a reception area, multiple private rooms, and two separate entrances.

Space SizeContact for details
Property Size754 SF
Days on Market129

Property Features for 101 Franklin Street #1C

General Information

Standard status Active
Size 754 SF
Total Parking Spaces 20
Zoning HC

Space & Availability

Space Use Office
Private Offices 3

Site & Location

Highway Access Yes
Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $6,107

Amenities

secure reception area
half bath
central air
two separate entrances
private lot

Building Details

Building Size 754 SF
Year Built 1986
Buildings 1
Stories 1
Units 1
Listing Agency: BHHS New England Properties
Listed By: Mike Nelson
Source: Berettarealty
Added: Jul 3 Changed: Nov 7 Last Checked: Nov 7 at 5:43AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHHS New England Properties

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Investment Insights

Based on property information with market context.

This 754-square-foot office unit has a secure reception area, 3 private offices, a half bath, and two entrances. Central air serves the space, and the unit has individual utilities, including gas and water, with town sewer. The roof and heating system have been updated. The property is zoned HC, which supports office, retail, and service uses. The unit may be joined with Unit 1A for additional office area.

The building sits across from a shopping plaza on Franklin Street in Westerly. I-95, downtown Westerly, and the Connecticut–Rhode Island line are a short drive away; Narragansett and Mystic are each about 25 minutes away. Beaches in Misquamicut, Weekapaug, and Watch Hill are also within driving distance. Parking is available in front of and behind the building, in a private lot.

Key Highlights

  • 754 SF office unit with a secure reception area, 3 private offices, and a half bath
  • Two separate entrances and a private parking lot with spaces at the front and rear
  • HC zoning supports office, retail, and service uses

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

Eastern Bank Bank Findeisen Wealth Management ... Bank Morrone Legal Law Firm Richard Grasso Physician Kimberly Dalton Broker ... Real Estate Agency

Suggested Use

Top Pick HVAC Service Big Box & Wholesale Store Auto Parts Store Storage Facility Auto Repair Shop 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.

Lease Details

Yes
Highway access
Yes
Utilities to site
NNN (Triple Net)
Lease Type
$2.98 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

411
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
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Market

Lease Benchmarks for Westerly, RI

$26.42 /SF/Yr
Avg Asking Price
$13.64–$62.07 /SF/Yr
Price Range
794 SF
Avg Space Size

This space is priced 25% below the average of $26.42 /SF/Yr.

Average Price Trend$/SF/Yr for Office Units in Washington County, RI

$17.04 Jul
$22.61 Aug
$21.32 Sep
$20.73 Oct

Properties on Market for Office Units in Washington County

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025

Frequently Asked Questions

What type of property is this?
Office unit - A flexible office layout includes a reception area, multiple private rooms, and two separate entrances.
Where is this office unit located?
The property is located at 101 Franklin Street #1C Westerly, RI.
What is the lease rate?
The lease rate is $1,250/Mo.
What are key features of this property?
This property features: 754 SF office unit with a secure reception area, 3 private offices, and a half bath; Two separate entrances and a private parking lot with spaces at the front and rear; HC zoning supports office, retail, and service uses
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