Westerly Retail and Office
For Lease
$950/Mo
105 Franklin Street, Westerly, RI 02891
Retail and office spaces available in busy Millpond Plaza.
Space SizeContact for details
Days on Market170
Property Features for 105 Franklin Street
General Information
Standard status
Active
Zoning
HC
Building Details
Year Built
1985
Stories
1
Listing Agency:
Signature Properties of N.E.
Listed By:
Norman B Peck
(860) 460-9757
Source:
Capmarkrealty
Added: Mar 26
Changed: Sep 8
Last Checked: Sep 11 at 5:20AM
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.
Located in Westerly, Rhode Island, Millpond Plaza offers available spaces ranging from 800 to 1,600 square feet suitable for retail or office use. The plaza is a busy commercial center with high visibility on heavily traveled roads, benefiting from a daily average traffic count of 22,700 vehicles. The location provides ample parking with over 150 spaces. The plaza is currently home to ACE Hardware and 38 other businesses. Spaces are available at $950 per month plus utilities for 800 square feet office or retail spaces. The property is located on Franklin Street.
Key Highlights
- High visibility location on heavily traveled roads with a daily average traffic count of 22,700.
- Spaces available in a large, busy plaza with 39 total tenants including ACE Hardware.
- Ample parking with 150+\/- spaces.
Property Analytics
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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
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Market
Lease Benchmarks for Westerly, RI
$16.04 /SF/Yr
Avg Asking Price
$7.13–$21 /SF/Yr
Price Range
2,457 SF
Avg Space Size
This space is priced 56% below the average of $16.04 /SF/Yr.
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Retail space - Retail and office spaces available in busy Millpond Plaza.
Where is this retail space located?
The property is located at 105 Franklin Street 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 with a daily average traffic count of 22,700.; Spaces available in a large, busy plaza with 39 total tenants including ACE Hardware.; Ample parking with 150+\/- spaces.
