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    11 Wells St Westerly, RI 02891

    For Sale
    $115,000

    Prime Westerly location, 951 sq ft commercial space.

    Property size:
    951 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional commercial property, located at 11 Wells Street Unit 3 in Westerly, Rhode Island, presents a fantastic opportunity for businesses seeking a well-situated space. The property encompasses 951 square feet of usable area, offering ample room for a variety of commercial ventures. Its location in Westerly provides excellent access to local amenities, transportation routes, and a thriving community. The building itself is situated on a lot with no acreage, making it ideal for businesses that prioritize convenient access and minimal outdoor maintenance. Priced competitively at $115,000, this property represents a significant value for its size and location. The property is classified as General Commercial, allowing for a wide range of potential uses, subject to local zoning regulations. Interested parties are encouraged to conduct their own due diligence to confirm suitability for their intended purpose. This is a rare opportunity to acquire a well-positioned commercial space in a desirable Rhode Island town. The property's size and price point make it an attractive investment for both established businesses and entrepreneurs looking to establish a new presence in the Westerly market. Don't miss out on this chance to secure a valuable asset in a thriving community.

    Property Features for 11 Wells St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    951 SF

    Building Details

    Year Built
    1960
    Property Profile Location Intelligence

    Current Use by Public Records

    11 Wells Street, ... Community Health Centre Eric M. Cohen, ... Orthopedic Surgeon Woo Jin Lee, ... Pain Management Physician Stephen B. Gross, ... Orthopedic Surgeon Eric Meehan, DPM Doctor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Westerly
    County
    Washington
    State
    Rhode Island
    Longitude
    -71.8276
    Latitude
    41.36157

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Westerly location, 951 sq ft commercial space.
    Where is this commercial real estate located?
    The property is located at 11 Wells St Westerly, RI.
    What is the asking price?
    The asking price for this property is $115,000.
    (401) 315-2588
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    11 Wells St Westerly, RI 02891
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11 Wells St Westerly, RI 02891
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