Retail Space on Route
For Lease
$18 SF/Yr
240 Post Road #2 & 3, Westerly, RI 02891
Retail spaces available on high-traffic Route 1 in Westerly.
Property Size1,463 SF
Days on Market219
Property Features for 240 Post Road #2 & 3
General Information
Standard status
Active
Size
1,463 SF
Building Details
Year Built
1987
Listing Agency:
Schilke Realty
(401) 326-2013
Listed By:
The Schilke Team
(401) 326-2013
Source:
Liongatere
Added: Dec 23, 2025
Changed: Jul 6
Last Checked: Jul 29 at 12:47PM
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 property offers a prime retail opportunity situated on busy Route 1, near the Dunn's Corners intersection, a primary gateway to Westerly's beaches. The property features two adjoining spaces, one offering 1,463 square feet and the other 1,300 square feet, which can be leased together or separately. Located in a high-traffic shopping plaza, the property benefits from established co-tenants, including Honey Dew Donuts, Salon 240, and King's Nails & Spa. The location provides excellent exposure, easy access, and close proximity to national retailers and restaurants, making it suitable for a variety of retail and service uses. The lease is NNN, with CAM charges not included.
Key Highlights
- Prime retail location on busy Route 1, a primary gateway to Westerly's beaches.
- Two adjoining spaces available (1,463 sq ft and 1,300 sq ft) that can be leased together or separately.
- Located in a high‑traffic shopping plaza with established co‑tenants (Honey Dew Donuts, Salon 240, King's Nails & Spa).
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
$15.45 /SF/Yr
Avg Asking Price
$7.13–$21 /SF/Yr
Price Range
3,541 SF
Avg Space Size
This space is priced 17% above the average of $15.45 /SF/Yr.
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Retail space - Retail spaces available on high-traffic Route 1 in Westerly.
Where is this retail space located?
The property is located at 240 Post Road #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, a primary gateway to Westerly's beaches.; Two adjoining spaces available (1,463 sq ft and 1,300 sq ft) that can be leased together or separately.; Located in a high‑traffic shopping plaza with established co‑tenants (Honey Dew Donuts, Salon 240, King's Nails & Spa).
