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    16 Broad St Westerly, RI 02891

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    For Sale
    $74,900

    750SF retail shop in prime Westerly corner location.

    Property size:
    750 SF
    Lot size:
    0.06 Acres

    Property Features for 16 Broad St

    General Information

    Size
    750 SF
    Lot size
    0.06 Acres

    Source: EXP Realty LLC Agent Stephanie L Gilezan

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

    Overview

    Turnkey Retail Shop in Westerly

    This 750-square-foot turnkey retail shop is suitable for a coffee shop, bakery, bagel shop, or sandwich shop. The corner location provides visibility in downtown Westerly, Rhode Island. The space has undergone $100,000 in upgrades and remodeling, and all furniture, fixtures, and equipment are included. The property features new electric, plumbing, and HVAC systems. The lease is transferable, and the rent includes water and electricity.
    Insight Report Location Intelligence

    Current Use by Public Records

    KNEAD Doughnuts Donut Shop C A Morgan Inc Insurance Agency

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Westerly
    County
    Washington
    State
    Rhode Island
    Longitude
    -71.8307217
    Latitude
    41.3777329

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    FAQs

    What type of property is this?
    Retail space - 750SF retail shop in prime Westerly corner location.
    Where is this retail space located?
    The property is located at 16 Broad St Westerly, RI.
    What is the asking price?
    The asking price for this property is $74,900.
    What are key features of this property?
    This property features: - Turnkey QSR/retail shop ready for immediate operation.; - Prime corner location on Broad St in Westerly, RI, offering excellent visibility.; - $100K in recent space upgrades/remodel.
    (502) 817-6484
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    16 Broad St 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
    16 Broad St Westerly, RI 02891
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