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    240 Post Rd Westerly, RI 02891

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    For Lease
    $18 SF/Yr ($1,950 /Mo)

    Retail space available in busy Westerly shopping plaza.

    Property size:
    1,300 SF
    Lot size:
    0.94 Acres

    Property Features for 240 Post Rd

    General Information

    Size
    1,300 SF
    Lot size
    0.94 Acres

    Source: Schilke Realty Agent Andy & Nick Schilke

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space on Busy Route

    This retail space is located on a busy section of Route 1, near the Dunn's Corners intersection, a major thoroughfare to Westerly beaches. The location benefits from a high traffic count. The property is situated in a busy shopping plaza with co-tenants including Honey Dew Donuts, Bomb Burritos, Salon 240, and King's Nails & Spas. National retailers and restaurants are located nearby. The available space is 1300 square feet and is suitable for retail use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bomb Burritos & Bowls Burrito Restaurant Honey Dew Donuts Donut Shop Bomb Wings & Wedges Restaurant New King Nails ... Nail Salon Salon 240 Hair Salon

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel 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
    -71.7694253
    Latitude
    41.351953

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    FAQs

    What type of property is this?
    Strip mall - Retail space available in busy Westerly shopping plaza.
    Where is this strip mall located?
    The property is located at 240 Post Rd Westerly, RI.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - Prime location on busy Route 1 near Dunn's Corners intersection.; - High traffic count.; - Located in a busy shopping plaza.
    (401) 326-2013
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    240 Post Rd Westerly, RI 02891
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    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
    240 Post Rd Westerly, RI 02891
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