Westerly Retail Space For
For Lease
$10 SF/Yr
98 Main, Westerly, RI 02891
High-visibility retail space in Westerly with ample parking.
Space SizeContact for details
Property Size14,113 SF
Days on Market191
Property Features for 98 Main
General Information
Standard status
Active
Size
14,113 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$13,447
Amenities
Central Heating
Forced Air Heating
Gas Heating
Building Details
Year Built
1950
Listing Agency:
Switz Real Estate Associates
(860) 572-9501
Listed By:
THOMAS SWITZ · License #REB.0757584
Source:
Corcoran
Added: Jan 30
Changed: Aug 8
Last Checked: Apr 5 at 11:37PM
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 Switz Real Estate Associates
Investment Insights
Based on property information with market context.
This commercial property offers a high-visibility location in the heart of Westerly, suitable for starting or relocating a business. The building provides over 14,000 square feet of retail space and the owner will consider subdividing. Ample parking is available. The property is neighbored by several well-established and high-volume businesses. It is located in the DC2 zone; refer to the attachment for a list of permitted uses.
Key Highlights
- High visibility location in the heart of Westerly
- Over 14,000 square feet of space
- Ample parking available
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.50 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
832
Businesses Nearby
12k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 87%
Dining 13%
Mobil
Shops & Services
6,362 visits/mo
0.2 miles
Shell
Shops & Services
4,487 visits/mo
0.2 miles
The Cafe
Dining
1,584 visits/mo
0.4 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
Lease Benchmarks for Westerly, RI
$15.45 /SF/Yr
Avg Asking Price
$7.13–$21 /SF/Yr
Price Range
2,833 SF
Avg Space Size
This space is priced 35% below the average of $15.45 /SF/Yr.
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - High-visibility retail space in Westerly with ample parking.
Where is this retail space located?
The property is located at 98 Main Westerly, RI.
What is the lease rate?
The lease rate is $10 SF/Yr.
What are key features of this property?
This property features: High visibility location in the heart of Westerly; Over 14,000 square feet of space; Ample parking available
