Ocean Plaza Retail/Office
For Lease
Contact for pricing
62 Franklin St, Westerly, RI 02891
Highly visible 800 SF retail or office space for lease.
Space Size800 SF
Days on Market2332
Property Features for 62 Franklin St
General Information
Standard status
Active
Size
800 SF
Class
B
Total Parking Spaces
100
Property subtype
Retail, Office
Lease Type
Modified Gross
Building Details
Year Built
1984
Tenancy
Multiple
Spaces For Lease
at 62 Franklin St Contact us- Size
- 800 SF
- Type
- Office, Retail
- Lease Type
- Modified Gross
- Availability
- Active
800sf
Listing Agency:
Signature Properties of New England
(860) 447-8839
Listed By:
Norm Peck · License #RES.0528743
Source:
Crexi
Added: Mar 24, 2020
Changed: Aug 8
Last Checked: Aug 11 at 10:34AM
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 Signature Properties of New England
Investment Insights
Based on property information with market context.
Located in Ocean Plaza, this 800-square-foot space is available for lease at $950 per month, plus utilities. The property is suitable for either office or retail use. It benefits from a highly visible location and an over-sized parking lot. The property is situated on the main road leading to Westerly Waterfront and Beaches.
Key Highlights
- Highly visible location in Ocean Plaza.
- Affordable lease rate: $950/month plus utilities.
- Suitable for office or retail use.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.14 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
667
Businesses Nearby
Explore this area
Business Placement
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
Lease Benchmarks for Westerly, RI
$14.69 /SF/Yr
Avg Asking Price
$7.13–$21 /SF/Yr
Price Range
3,169 SF
Avg Space Size
This space is priced 3% below the average of $14.69 /SF/Yr.
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Highly visible 800 SF retail or office space for lease.
Where is this retail space located?
The property is located at 62 Franklin St Westerly, RI.
What is the lease rate?
The lease rate is $14.25 SF/Yr.
What are key features of this property?
This property features: Highly visible location in Ocean Plaza.; Affordable lease rate: $950/month plus utilities.; Suitable for office or retail use.
