Ocean Plaza Retail/Office
For Lease
$950/Mo
62 Franklin St, Westerly, RI 02891
Highly visible 800 SF space suitable for office or retail.
Space SizeContact for details
Property Size13,600 SF
Lot Size3.37 Acres
Days on Market153
Property Features for 62 Franklin St
General Information
Standard status
Active
Size
13,600 SF
Lot size
3.37 Acres
Property subtype
Commercial
Building Details
Building Size
13,600 SF
Year Built
1984
Stories
1
Listing Agency:
Signature Properties of N.E.
(860) 460-9757
Listed By:
Norman B. Peck · License #RES.0528743
(860) 460-9757
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 2:06PM
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 Signature Properties of N.E.
Investment Insights
Based on property information with market context.
Located in Ocean Plaza, this 800 square foot space is available for lease at $950 per month, plus utilities. The property is suitable for either office or retail use. It benefits from a highly visible location and an over-sized parking lot. The property is situated on the main road leading to Westerly Waterfront and beaches.
Key Highlights
- Highly visible location in Ocean Plaza.
- Affordable lease rate: $950/month plus utilities.
- Suitable for office or retail use.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.14 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
667
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
$17.03 /SF/Yr
Avg Asking Price
$7.13–$25 /SF/Yr
Price Range
1,116 SF
Avg Space Size
This space is priced 16% below the average of $17.03 /SF/Yr.
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Highly visible 800 SF space suitable for office or retail.
Where is this office units located?
The property is located at 62 Franklin St Westerly, RI.
What is the lease rate?
The lease rate is $950/Mo.
What are key features of this property?
This property features: Highly visible location in Ocean Plaza.; Affordable lease rate: $950/month plus utilities.; Suitable for office or retail use.
