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

53 High #8, Westerly, RI 02891

Two climate-controlled units in downtown Westerly, suitable for various uses.

Space SizeContact for details
Lot Size0.24 Acres
Days on Market184

Property Features for 53 High #8

General Information

Standard status Active
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 13 Last Checked: Aug 13 at 12:41PM

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, identified as Unit 8 and Unit 9, have become available. Each unit offers 100 square feet of space. The units are climate controlled and accessible via elevator, with a shared waiting area. These units are suitable for office, retail, or storage purposes. The property is located in a downtown area with surrounding eateries and shops. All utilities are included, with the exception of internet service.

Key Highlights

  • Prime downtown location surrounded by eateries and shops.
  • Two units available (Unit 8 and 9, 100 sf each).
  • 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

$16.08 /SF/Yr
Avg Asking Price
$7.13–$25 /SF/Yr
Price Range
1,055 SF
Avg Space Size

This space is priced 31% above the average of $16.08 /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 various uses.
Where is this office units located?
The property is located at 53 High #8 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 (Unit 8 and 9, 100 sf each).; Climate controlled units suitable for office, retail, or storage.
More about this property
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