Retail and Office Spaces
For Lease
$950/Mo
105 Franklin St, Westerly, RI 02891
Retail and office spaces for rent in busy Millpond Plaza.
Space SizeContact for details
Property Size14,400 SF
Lot Size4.78 Acres
Days on Market165
Property Features for 105 Franklin St
General Information
Standard status
Active
Size
14,400 SF
Lot size
4.78 Acres
Property subtype
Commercial
Building Details
Building Size
14,400 SF
Year Built
1985
Stories
1
Listing Agency:
Signature Properties of N.E.
(860) 460-9757
Listed By:
Norman B. Peck · License #RES.0528743
(860) 460-9757
Source:
Elliman
Added: Mar 10
Changed: Aug 15
Last Checked: Aug 21 at 9:53AM
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 Signature Properties of N.E.
Investment Insights
Based on property information with market context.
Spaces ranging from 800 to 1,600 square feet are available for rent in the Millpond Plaza, a busy commercial center located in Westerly, Rhode Island. The plaza is home to ACE Hardware and 38 other businesses. The location offers ample parking with over 150 spaces and high visibility on heavily traveled roads, which see an average daily traffic count of 22,700 vehicles. The available spaces are suitable for both office and retail use. 800 square foot office or retail spaces are available for $950 per month, plus utilities. Additional retail spaces range from 800 to 1,600 square feet.
Key Highlights
- High visibility location on heavily traveled roads.
- Spaces available in the busy Millpond Plaza.
- Ample parking with 150+\/- spaces.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.07 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
411
Businesses Nearby
111k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 29%
Dining 27%
Home Improvements & Furnishings 26%
Shops & Services 13%
Stop & Shop
Groceries
32,652 visits/mo
0.2 miles
HomeGoods
Home Improvements & Furnishings
19,230 visits/mo
0.3 miles
Michaels
Shops & Services
13,978 visits/mo
0.3 miles
Burger King
Dining
13,232 visits/mo
0.0 miles
McQuade's Ace Hardware
Home Improvements & Furnishings
8,030 visits/mo
0.1 miles
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
$15.22 /SF/Yr
Avg Asking Price
$7.13–$21 /SF/Yr
Price Range
2,994 SF
Avg Space Size
This space is priced 53% below the average of $15.22 /SF/Yr.
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail and office spaces for rent in busy Millpond Plaza.
Where is this retail space located?
The property is located at 105 Franklin St Westerly, RI.
What is the lease rate?
The lease rate is $950/Mo.
What are key features of this property?
This property features: High visibility location on heavily traveled roads.; Spaces available in the busy Millpond Plaza.; Ample parking with 150+\/- spaces.
