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Retail Space Under Development
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68 Franklin St, Westerly, RI

Retail space available for lease in Westerly, Rhode Island.

Space Size31,416 SF
Lot Size4.32 Acres
Days on Market587

Property Features for 68 Franklin St

General Information

Standard status Active
Size 31,416 SF
Lot size 4.32 Acres
Property subtype RETAIL

Spaces For Lease

at 68 Franklin St Contact us

Building A

Floor
Bldg
Size
31,416 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Completion
Sublease
No
- Shoppes on Franklin is currently under development for up to 53,000± sf (sub-dividable...
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Contact us
Listing Agency: Carpionato Group
Listed By: Peter Flynn
Source: Moodyscre
Added: Feb 4, 2025 Changed: Sep 11 Last Checked: Sep 13 at 4:57AM

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 Carpionato Group

Investment Insights

Based on property information with market context.

Shoppes on Franklin is currently under development, offering up to approximately 53,000 square feet of space that can be subdivided or built to suit. Additionally, an outparcel of up to approximately 3,800 square feet is available. The property is located in close proximity to I-95, the Connecticut-Rhode Island state line, and Westerly State Airport. It is also situated on the route to Watch Hill and the southern coastline beaches.

Key Highlights

  • Development opportunity for up to 53,000± sf (sub‑dividable or build to suit).
  • Out parcel available up to 3,800± sf.
  • Close proximity to I‑95.

Property Analytics

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Current Use

Shopping centers

Suggested Use

Top Pick Big Box & Wholesale Store Auto Repair Shop HVAC Service Storage Facility Auto Parts Store Building Supply

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

667
Businesses Nearby
132k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 37% Shops & Services 26% Groceries 25% Home Improvements & Furnishings 7%
Stop & Shop Groceries
32,652 visits/mo 0.5 miles
Cumberland Farms Shops & Services
19,769 visits/mo 0.5 miles
Burger King Dining
13,232 visits/mo 0.2 miles
Dunkin' Donuts Dining
13,213 visits/mo 0.4 miles
Starbucks Dining
11,234 visits/mo 0.5 miles
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

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  • Granite Street Shopping Center 116 Granite St, Westerly, RI 02891

Frequently Asked Questions

What type of property is this?
Shopping center - Retail space available for lease in Westerly, Rhode Island.
Where is this shopping center located?
The property is located at 68 Franklin St Westerly, RI.
What are key features of this property?
This property features: Development opportunity for up to 53,000± sf (sub‑dividable or build to suit).; Out parcel available up to 3,800± sf.; Close proximity to I‑95.
(401) 273-6800 Call to check price and availability
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