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Downtown Units for Office, Retail
For Lease
$350/Mo

53 High #9, Westerly, RI 02891

Two climate-controlled units in downtown Westerly, suitable for office/retail.

Space SizeContact for details
Property Size200 SF
Lot Size0.24 Acres
Days on Market177

Property Features for 53 High #9

General Information

Standard status Active
Size 200 SF
Lot size 0.24 Acres
Property subtype Commercial

Amenities

Central air
Central Air Cooling
Forced Air Heating

Building Details

Year Built 1926
Listing Agency: COLDWELL BANKER COASTAL HOMES
Listed By: OLINDA GABRIELE
Source: Corcoran
Added: Feb 13 Changed: Aug 8 Last Checked: Aug 8 at 6:10AM

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 COLDWELL BANKER COASTAL HOMES

Investment Insights

Based on property information with market context.

Two units, each measuring 100 square feet, have become available in a downtown location. The surrounding area features a variety of eateries and shops. These climate-controlled units are accessible by elevator and include a waiting area. They are suitable for office, retail, or storage purposes. All utilities are included, with the exception of internet.

Key Highlights

  • Prime downtown location surrounded by eateries and shops
  • Two units available (Units 8 and 9)
  • Climate controlled units suitable for office, retail, or storage

Property Analytics

Current Use

Lenihan Appraisal Company Real Estate Agency Almost Home Real ... Real Estate Agency ReReads Bookshop (Bike/Boat/Book/etc) Store Island Mist Natural ... (Bike/Boat/Book/etc) Store South County Public ... County Government Office

Suggested Use

Top Pick Real Estate Agency Dental Office Parking Lot & Garage Tech Support Center (Bike/Boat/Book/etc) Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.15 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

880
Businesses Nearby

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

$17.03 /SF/Yr
Avg Asking Price
$7.13–$25 /SF/Yr
Price Range
1,116 SF
Avg Space Size

This space is priced 23% above the average of $17.03 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Two climate-controlled units in downtown Westerly, suitable for office/retail.
Where is this office units located?
The property is located at 53 High #9 Westerly, RI.
What is the lease rate?
The lease rate is $350/Mo.
What are key features of this property?
This property features: Prime downtown location surrounded by eateries and shops; Two units available (Units 8 and 9); Climate controlled units suitable for office, retail, or storage
More about this property
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