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    105 Franklin St Westerly, RI 02891

    Sponsored
    For Lease
    $14 SF/Yr ($17,100 /Mo)

    Franklin Street Office/Retail Suites

    Lot size:
    14,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This Westerly, Rhode Island property at 105 Franklin Street offers versatile office and retail spaces within the bustling Millpond Plaza. The building, constructed in 1985, encompasses 14,400 square feet situated on a 4.78-acre lot. Currently, there are multiple suites available, ranging from 800 to 1,600 square feet, ideal for a variety of businesses. The property boasts high visibility due to its location on heavily traveled roads, with a daily traffic count exceeding 22,700 vehicles. Ample parking is provided with over 150 spaces available for tenants and customers. The zoning is HC, and the building features one structure with approximately 60 parking spaces. Located in Washington County, this property presents a unique opportunity to establish a presence in a thriving commercial center, alongside established businesses such as ACE Hardware and numerous others. The asking rent for 800 square foot office/retail spaces is $950 per month plus utilities. The property's convenient location offers easy access from downtown Pawcatuck, CT, making it an attractive option for businesses seeking a strategic location in Westerly, RI. The property is zoned for retail, office, and restaurant uses.

    Property Features for 105 Franklin St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,400 SF
    Total Rate
    17100

    Building Details

    Year Built
    1985
    Buildings
    1

    Unit(s) available at that property

    Space
    105 Franklin St Office / Retail
    Size
    800 SF
    Rate per SF
    $14

    HighLights

    • 105 Franklin Street, Westerly, RI: 14,400 SF office/retail building on a 4.78‑acre lot in Millpond Plaza.
    • Multiple suites available, 800‑1600 SF each.
    • High visibility location with over 22,700 daily vehicle traffic counts and ample parking (150+ spaces).
    • HC zoning allows for retail, office, and restaurant uses.
    • Asking rent: $950/month + utilities (800 SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Casa Della Luce Restaurant Joyce's Everyday Gourmet Takeout Restaurant Sables Salon Pet Groomer Stephen Neri: Allstate ... Insurance Agency Grow RI Hydraulic Equipment Supplier

    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
    -71.811147257129
    Latitude
    41.36023075726

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    FAQs

    What type of property is this?
    Restaurant - Franklin Street Office/Retail Suites
    Where is this restaurant located?
    The property is located at 105 Franklin St Westerly, RI.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: 105 Franklin Street, Westerly, RI: 14,400 SF office/retail building on a 4.78-acre lot in Millpond Plaza.; Multiple suites available, 800-1600 SF each.; High visibility location with over 22,700 daily vehicle traffic counts and ample parking (150+ spaces).
    Request Owner's contact information
    105 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
    105 Franklin St Westerly, RI 02891
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