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    and Rt. 1 Airport Rd Westerly, RI 02891

    Sponsored
    For Lease
    Contact for pricing

    Prime Retail Space, 8,600 SF Available

    Lot size:
    8,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail opportunity presents 8,600 square feet of vacant space within the Westerly Crossing Shopping Center, located at the intersection of Airport Road and Route 1 in Westerly, Rhode Island (zip code 02891). The property is classified as a retail shopping center with multiple tenancy options. The entire 8,600 square feet is currently available for lease, offering a unique chance for a single tenant to occupy the entire space. However, the space is also divisible, with a minimum leasable area of 3,500 square feet. This flexibility allows for businesses of various sizes to consider this location. Situated in Washington County, Rhode Island, this property benefits from high visibility due to its strategic location at a major intersection. The address provides easy access for customers and excellent exposure to significant traffic volume. The space is ideal for a variety of retail uses, offering a blank canvas for a business to establish a strong presence in the Westerly market. Interested parties should inquire about lease terms and conditions. The property's total square footage is 8,600 square feet, providing ample room for a large-scale operation or the potential for multiple smaller tenants. This prime retail space offers a compelling opportunity for businesses seeking a high-traffic location in a thriving community.

    Property Features for and Rt. 1 Airport Rd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,600 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    3,500 SF

    HighLights

    • 8,600 SF retail space available for lease in Westerly Crossing Shopping Center, located at Route 1 and Airport Road, Westerly, RI 02891.
    • 3,500 SF endcap space available, adjacent to Stop & Shop, ideal for food use; existing restaurant improvements and fixtures in place.
    • Approved for restaurant use.
    • Strong co‑tenancy including Michaels, HomeGoods, Staples, CVS, and Ninety‑Nine Restaurant.
    • Excellent location near national retailers such as Walmart, PetSmart, Home Depot, JCPenney, TJ Maxx, and Aldi.
    • High traffic volume boosted by significant summer tourism.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    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
    -71.8043657
    Latitude
    41.3491242

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Retail Space, 8,600 SF Available
    Where is this lifestyle center located?
    The property is located at and Rt. 1 Airport Rd Westerly, RI.
    What are key features of this property?
    This property features: 8,600 SF retail space available for lease in Westerly Crossing Shopping Center, located at Route 1 and Airport Road, Westerly, RI 02891.; 3,500 SF endcap space available, adjacent to Stop & Shop, ideal for food use; existing restaurant improvements and fixtures in place.; Approved for restaurant use.
    Request Owner's contact information
    and Rt. 1 Airport 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
    and Rt. 1 Airport Rd Westerly, RI 02891
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