Retail Space on Route
For Lease
$18 SF/Yr NNN
240 Post #2 & 3, Westerly, RI 02891
Prime retail space in high-traffic Westerly shopping plaza.
Space SizeContact for details
Lot Size0.93 Acres
Days on Market256
Property Features for 240 Post #2 & 3
General Information
Standard status
Active
Lot size
0.93 Acres
Property subtype
Commercial
Amenities
Central air
Central Air Cooling
Circuit Breakers
Forced Air Heating
Building Details
Year Built
1987
Listing Agency:
SCHILKE REALTY
(401) 637-4040
Listed By:
THE SCHILKE TEAM
(401) 326-2013
Source:
Corcoran
Added: Dec 23, 2025
Changed: Sep 4
Last Checked: Sep 4 at 9:36AM
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 SCHILKE REALTY
Investment Insights
Based on property information with market context.
This retail opportunity is located on Route 1 near the Dunn's Corners intersection, a primary gateway to Westerly's beaches. The property offers two adjoining spaces, one with 1,463 square feet and the other with 1,300 square feet, which can be leased together or separately. Situated in a high-traffic shopping plaza, the location benefits from established co-tenants, including Honey Dew Donuts, Salon 240, and King's Nails Spa. The property features excellent exposure, easy access, and close proximity to national retailers and restaurants, making it suitable for various retail and service uses. The total property size is 2,763 square feet. It is a NNN lease, and CAM charges are not included.
Key Highlights
- Prime retail location on busy Route 1 near Dunn's Corners.
- High‑traffic shopping plaza with excellent exposure.
- Two adjoining spaces available: 1,463 sq ft and 1,300 sq ft, can be leased together or separately.
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
60
Businesses Nearby
Explore this area
Business Placement
Demographics for 02891, RI
21,803
Population
12,660
Households
1.7
Avg Household Size
50
Median Age
41%
College-Educated
94%
High-School Grad
26.3 sq mi
ZIP Area
829
Density / Sq Mi
$90,435
Median Household Income
$49,448
Median Earnings
$1,249
Median Rent
$422,600
Median Home Value
Market
Lease Benchmarks for Westerly, RI
$15.39 /SF/Yr
Avg Asking Price
$7.13–$21 /SF/Yr
Price Range
2,891 SF
Avg Space Size
This space is priced 17% above the average of $15.39 /SF/Yr.
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Prime retail space in high-traffic Westerly shopping plaza.
Where is this retail space located?
The property is located at 240 Post #2 & 3 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 retail location on busy Route 1 near Dunn's Corners.; High‑traffic shopping plaza with excellent exposure.; Two adjoining spaces available: 1,463 sq ft and 1,300 sq ft, can be leased together or separately.
