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    248 Post Rd Westerly, RI 02891

    Sponsored
    For Lease
    Contact for pricing

    High-traffic location, large spaces available

    Lot size:
    34,687 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property, located at 248 Post Rd in Westerly, Rhode Island, presents a unique opportunity for businesses seeking significant space in a high-visibility location. The property, situated at the heavily trafficked "Dunn's Corner" intersection, boasts a total of 34,687 square feet, with 34,690 square feet currently vacant and available for lease. Multiple tenancy options are available, with spaces ranging from a minimum of 15,690 square feet to a maximum contiguous space of 19,000 square feet. This allows for flexibility to accommodate a variety of business needs and scales. The property is ideally situated to benefit from strong demographics, with average household incomes exceeding $100,000 within a three-mile radius, ensuring a robust customer base. Ample parking is provided with 159 spaces available for patrons and employees. The property is located in Washington County, Rhode Island, and has a Westerly, RI zip code of 02891. This prime retail location offers unparalleled visibility and accessibility, making it an exceptional investment opportunity. The property's size and location make it suitable for a wide range of retail uses.

    Property Features for 248 Post Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    34,687 SF

    Unit(s) available at that property

    Space
    Available Retail A
    Size
    19,000 SF
    Space
    Available Retail B
    Size
    15,690 SF

    HighLights

    • 33,773 SF of gross leasable area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Westerly
    County
    Washington
    State
    Rhode Island
    Longitude
    -71.7680353
    Latitude
    41.3524611

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    FAQs

    What type of property is this?
    Retail property - High-traffic location, large spaces available
    Where is this retail property located?
    The property is located at 248 Post Rd Westerly, RI.
    What are key features of this property?
    This property features: 33,773 SF of gross leasable area.; ;
    Request Owner's contact information
    248 Post Rd Westerly, RI 02891
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    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
    248 Post Rd Westerly, RI 02891
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