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    22 Frontage Rd Westerly, RI 02891

    Sponsored
    For Sale
    $3,500,000

    Modern warehouse, 14,780 sq ft, fenced lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial warehouse property, located at 22 Frontage Road in Westerly, Rhode Island, presents a unique investment opportunity. The property boasts a substantial 143,748 square foot lot, entirely enclosed by a perimeter fence, ensuring security and privacy. The main building, constructed in 2019, offers 14,780 square feet of well-maintained warehouse space. All utilities are conveniently connected to the property, minimizing setup costs for the new owner. The building's design is described as a "Butler type" structure, suggesting a high-quality, efficient build. This single-unit property is ideal for a variety of commercial uses, requiring an inspection to fully appreciate its features and potential. The asking price for this turnkey operation is $3,500,000. Located in Washington County, Rhode Island, with a zip code of 02891, this property offers easy access to major transportation routes and is situated in the thriving town of Westerly. The property's size and features make it an attractive option for businesses seeking a modern, secure, and well-equipped warehouse space. Serious inquiries are encouraged to schedule a viewing.

    Property Features for 22 Frontage Rd

    General Information

    Property type
    Distribution properties

    Building Details

    Year Built
    2019
    Buildings
    1
    Units
    1

    HighLights

    • $3,500,000 asking price.
    • 143,748 SF lot size.
    • 2019 construction.
    • 14,780 SF building.
    • Single‑unit warehouse building.
    • Located at 22 Frontage Road, Westerly, RI 02891.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Building Supply Wholesale Shop Auto Repair Shop Gym & Fitness Auto Parts Store Department Store Kitchen & Bath HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Westerly
    County
    Washington
    State
    Rhode Island
    Longitude
    -71.8024354
    Latitude
    41.3861287

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    FAQs

    What type of property is this?
    Distribution property - Modern warehouse, 14,780 sq ft, fenced lot.
    Where is this distribution property located?
    The property is located at 22 Frontage Rd Westerly, RI.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: $3,500,000 asking price.; 143,748 SF lot size.; 2019 construction.
    Request Owner's contact information
    22 Frontage Rd Westerly, RI 02891
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    22 Frontage Rd Westerly, RI 02891
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