Shopping Center with Two Overhead
For Sale
Contact for pricing
96 Granite St, Westerly, RI 02891
Ground-leased retail and garage space in a shopping center setting, zoned for highway commercial use.
Lot Size1.37 Acres
Days on Market118
Property Features for 96 Granite St
General Information
Standard status
Active
Lot size
1.37 Acres
Property subtype
RETAIL
Zoning
Highway Commercial
Building Details
Buildings
2
Listing Agency:
Sweeney Real Estate &Appraisal
(401) 523-5101
Listed By:
Thomas O Sweeney
(401) 523-5101
Source:
Moodyscre
Added: Apr 7
Changed: Jul 30
Last Checked: Aug 1 at 2:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sweeney Real Estate &Appraisal
Investment Insights
Based on property information with market context.
96 Cross Street is located within the Granite Street Shopping Center and is ground leased. The ground lease has 10 years remaining in the term, and in addition to ground rent, the owner collects 30% of gross rents from all property sub-tenants.
The site includes 1.37± acres of land with Highway Commercial zoning and approximately 270± FT of frontage. Improvements include a 5,476± SF retail building and a 768± SF garage, with two (2) overhead doors. The property is well suited for redevelopment or additional development upon expiration of the ground lease.
Built for practical road-facing retail and supporting storage/garage use, the configuration offers a straightforward platform for an end user or redevelopment plan once the current ground lease period concludes.
The site includes 1.37± acres of land with Highway Commercial zoning and approximately 270± FT of frontage. Improvements include a 5,476± SF retail building and a 768± SF garage, with two (2) overhead doors. The property is well suited for redevelopment or additional development upon expiration of the ground lease.
Built for practical road-facing retail and supporting storage/garage use, the configuration offers a straightforward platform for an end user or redevelopment plan once the current ground lease period concludes.
Key Highlights
- 1.37± acres with Highway Commercial zoning
- 270± FT of frontage within the Granite Street Shopping Center
- 5,476± SF retail building on‑site
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
789
Businesses Nearby
99k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 46%
Home Improvements & Furnishings 1%
Electronics 1%
Cumberland Farms
Shops & Services
19,769 visits/mo
0.1 miles
McDonald's
Dining
16,670 visits/mo
0.1 miles
Dunkin' Donuts
Dining
13,213 visits/mo
0.2 miles
Starbucks
Dining
11,234 visits/mo
0.1 miles
Mobil
Shops & Services
8,424 visits/mo
0.2 miles
Demographics for 02891, RI
21,803
Population
12,660
Households
1.7
Avg Household Size
50
Median Age
41%
College-Educated
94%
High-School Grad
26.3 sq mi
ZIP Area
829
Density / Sq Mi
$90,435
Median Household Income
$49,448
Median Earnings
$1,249
Median Rent
$422,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Shopping center - Ground-leased retail and garage space in a shopping center setting, zoned for highway commercial use.
Where is this shopping center located?
The property is located at 96 Granite St Westerly, RI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 1.37± acres with Highway Commercial zoning; 270± FT of frontage within the Granite Street Shopping Center; 5,476± SF retail building on‑site
