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    68 Franklin St Westerly, RI 02891

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    For Lease
    Contact for pricing

    Retail space available for lease in Westerly, Rhode Island.

    Property size:
    31,416 SF
    Lot size:
    4.32 Acres

    Property Features for 68 Franklin St

    General Information

    Size
    31,416 SF
    Lot size
    4.32 Acres

    Source: Carpionato Group Agent Peter Flynn

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

    Overview

    Retail Space Under Development

    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.
    Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Similar Places Nearby

    Franklin Shopping Plaza, Westerly Crossings Shopping Center, Coinstar Kiosk - Bitcoin ATM, Coin Cloud Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Westerly
    County
    Washington
    State
    Rhode Island
    Longitude
    -71.8146631
    Latitude
    41.3640074

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    FAQs

    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
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    68 Franklin St 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
    68 Franklin St Westerly, RI 02891
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