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    33 Railroad Ave Westerly, RI 02891

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    For Sale
    $899,000

    Downtown commercial building with retail space and residential apartments.

    Lot size:
    0.25 Acres

    Property Features for 33 Railroad Ave

    General Information

    Lot size
    0.25 Acres

    Building Details

    Year built
    1900

    Source: Switz Real Estate Associates Agent Thomas Switz

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

    Overview

    Westerly Commercial Building with Apartments

    Located in downtown Westerly, this commercial building offers approximately 5000 square feet of prime first-floor retail space, along with two residential apartments. An additional 4000 square feet of space is available in the basement. The first-floor commercial space features a 12-foot ceiling height and a ground-level loading door. Parking is available in the back of the building. The property is conveniently located across the street from the Westerly Train Station, offering access to restaurants, cafes, local shopping, the renovated YMCA, and Wilcox Park. The total building size is 6500 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Brausa Carlson Gracie ... Jujitsu School Ace Training Systems ... Personal Trainer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -71.8287086
    Latitude
    41.3814622

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    FAQs

    What type of property is this?
    Retail space - Downtown commercial building with retail space and residential apartments.
    Where is this retail space located?
    The property is located at 33 Railroad Ave Westerly, RI.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: - Prime downtown Westerly location across from the train station.; - Approximately 5000 sq. ft. of prime first-floor retail space.; - Additional income potential from 2 residential apartments.
    (860) 884-6003
    Request Owner's contact information
    33 Railroad Ave 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
    33 Railroad Ave Westerly, RI 02891
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