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Flexible Office Unit with Private Offices
For Lease
$1,250/Mo

101 Franklin Street 1c, Westerly, RI 02891

Professional suite with separate entrances, private parking, and utility services billed individually.

Space Size900 SF
Days on Market40

Property Features for 101 Franklin Street 1c

General Information

Standard status Active
Size 900 SF
Net Rentable 900 SF

Space & Availability

Available Space 900 SF
Contiguous Space 900 SF
Space Use Office
Available From 2026-11-01
Private Offices 3

Site & Location

Highway Access Yes
Utilities to Site Yes

Amenities

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

Building Details

Year Built 1986
Listing Agency: BHHS New England Properties
Listed By: Mike Nelson
Source: Alpernandmesenbourg
Added: Jul 21 Changed: Aug 28 Last Checked: Aug 28 at 8:31PM

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

Investment Insights

Based on property information with market context.

This approximately 900-square-foot office unit includes a secured reception area, three private offices, and a half bath. Two separate entrances support flexible access, while central air and individual utility service add operational convenience. The property also benefits from a newer roof and heating system. Interior walls have been repainted off-white since the marketing photographs were taken.

The building is positioned across from a major shopping plaza along Franklin Street in Westerly, with parking available in both the front and rear private lot. The property is minutes from I-95, the Connecticut–Rhode Island line, Downtown Westerly, and the Misquamicut, Weekapaug, and Watch Hill beaches. Narragansett and Mystic are each approximately 25 minutes away. The space is scheduled to become available November 1, 2026.

Key Highlights

  • 900 sq ft +/- office unit with three private offices and a half bath
  • Secured reception area provides a defined entry for visitors and staff
  • Two separate entrances support flexible access to the suite

Property Analytics

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
$2.50 /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

Market

Lease Benchmarks for Westerly, RI

$18.49 /SF/Yr
Avg Asking Price
$14.25–$25 /SF/Yr
Price Range
671 SF
Avg Space Size

This space is priced 10% below the average of $18.49 /SF/Yr.

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
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Professional suite with separate entrances, private parking, and utility services billed individually.
Where is this office units 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: 900 sq ft +/- office unit with three private offices and a half bath; Secured reception area provides a defined entry for visitors and staff; Two separate entrances support flexible access to the suite
More about this property
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