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    85 Beach St Westerly, RI 02891

    For Sale
    $179,000

    Two-story office, $179,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a two-story, 1-unit office building situated at 85 Beach Street, Unit 6, in Westerly, Rhode Island. Constructed in 1988, this property offers a versatile space suitable for various commercial uses, including traditional office, medical office, executive office, specialty services, and even dental practices. The building sits on a lot with 0 square feet, indicating a potential for redevelopment or expansion depending on zoning regulations. The asking price is $179,000. Located in Washington County, this property benefits from its address in the vibrant Westerly community, offering convenient access to local amenities and transportation networks. The building's classification as commercial, traditional office, medical office, and executive office highlights its adaptability to a range of professional needs. This is a unique chance to acquire a well-located, established building in a desirable Rhode Island market. The property's single-unit structure simplifies management and ownership, making it an attractive option for both seasoned investors and first-time buyers. Further investigation into zoning and potential development opportunities is encouraged. The property's address is 85 Beach Street, Unit 6, Westerly, RI 02891.

    Property Features for 85 Beach St

    General Information

    Property type
    Medical offices

    Building Details

    Year Built
    1988
    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • $179,000 asking price.
    • 1‑unit, 2‑story office building on land, built in 1988.
    • Located at 85 Beach Street, Unit 6, Westerly, RI 02891.
    • Suitable for commercial, traditional office, medical office, executive office, specialty services, and dentistry uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Advanced Aesthetic Dentistry: ... Dentist Shaw Terri M Dental Hygienist Priestley Joseph A Attorney Kyle Hopkins Social Worker The Law Office of Attorney ... Attorney

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -71.8291262
    Latitude
    41.3604416

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    FAQs

    What type of property is this?
    Medical office - Two-story office, $179,000
    Where is this medical office located?
    The property is located at 85 Beach St Westerly, RI.
    What is the asking price?
    The asking price for this property is $179,000.
    What are key features of this property?
    This property features: $179,000 asking price.; 1-unit, 2-story office building on land, built in 1988.; Located at 85 Beach Street, Unit 6, Westerly, RI 02891.
    Request Owner's contact information
    85 Beach 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
    85 Beach St Westerly, RI 02891
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