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    151 Franklin St Westerly, RI 02891

    Sponsored
    For Lease
    Contact for pricing

    Prime Retail Space, High Traffic Area

    Lot size:
    157,315 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Westerly Crossings offers exceptional retail opportunities in Washington County. This well-positioned center boasts 157,315 square feet of total building space, strategically located at the intersection of Route 78 and Route 1, a primary crossroads in the market. Its convenient location is adjacent to Westerly Airport and provides easy access to the exclusive Watch Hill and its beaches. The property features five total suites, with a minimum divisible space of 2,400 square feet and a maximum contiguous space of 4,861 square feet. Currently, 14,990 square feet of space is available for lease. Ample parking is provided with 822 spaces available for tenants and customers. This is an ideal location for businesses seeking high visibility and convenient access to a substantial customer base. The property's prime location and significant square footage make it an attractive investment for a variety of retail uses. The multiple tenancy structure allows for flexibility in leasing arrangements, catering to businesses of various sizes and needs. This is a rare opportunity to secure retail space in a thriving, high-traffic area. Contact us today to learn more about leasing opportunities.

    Property Features for 151 Franklin St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    157,315 SF

    Unit(s) available at that property

    Space
    Retail B
    Size
    2,527 SF
    Space
    Retail C
    Size
    2,500 SF
    Space
    Retail D
    Size
    2,702 SF
    Space
    Retail E
    Size
    2,400 SF
    Space
    Retail A
    Size
    4,861 SF

    HighLights

    • Retail property totaling 157,315 square feet.
    • Five suites available, ranging from 2,400 to 4,861 contiguous square feet.
    • 14,990 square feet of vacant space available.
    • 822 parking spaces available.
    • Located in Washington County at the intersection of Route 78 and Route 1, near Westerly Airport.
    Property Profile Location Intelligence

    Current Use by Public Records

    Santander Bank ATM Atm UPS Access Point ... Shipping And Mailing Service CDReload Instant Bitcoin Crypto Atm MinuteClinic at CVS Walk-In Clinic CVS Drug Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Westerly
    County
    Washington
    State
    Rhode Island
    Longitude
    -71.8086058
    Latitude
    41.3570084

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Space, High Traffic Area
    Where is this retail property located?
    The property is located at 151 Franklin St Westerly, RI.
    What are key features of this property?
    This property features: Retail property totaling 157,315 square feet.; Five suites available, ranging from 2,400 to 4,861 contiguous square feet.; 14,990 square feet of vacant space available.
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    151 Franklin St 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
    151 Franklin St Westerly, RI 02891
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