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Westerly Retail Space For Rent
For Lease
$10 SF/Yr

98 Main St, Westerly, RI 02891

High-visibility retail space in the heart of Westerly.

Property Size14,000 SF
Days on Market96

Property Features for 98 Main St

General Information

Standard status Active
Size 14,000 SF
Property subtype Commercial

Building Details

Year Built 1950
Listing Agency: Switz Real Estate Associates
Listed By: Thomas Switz · License #REB.0757584
Source: Elliman
Added: Apr 26 Changed: Jul 10 Last Checked: Jul 29 at 11:15AM

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 suitable for starting or relocating a business in the heart of Westerly. The building provides over 14,000 square feet of space, with the possibility of subdividing. Ample parking is available. The property is located in the DC2 zone, and is neighbored by several well-established and high-volume businesses.

Key Highlights

  • High visibility location in the heart of Westerly
  • Over 14,000 square feet of space
  • Ample parking available

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage HVAC Service Auto Parts Store Storage Facility Tech Support Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

755
Businesses Nearby
11k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Mobil Shops & Services
6,362 visits/mo 0.4 miles
Shell Shops & Services
4,487 visits/mo 0.0 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
3,541 SF
Avg Space Size

This space is priced 35% below the average of $15.45 /SF/Yr.

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - High-visibility retail space in the heart of Westerly.
Where is this retail space located?
The property is located at 98 Main St 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
More about this property
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