102 Granite St Westerly, RI 02891
This exceptional 4,000 square foot freestanding retail building, located at 102 Granite Street in Westerly, Rhode Island, presents a unique investment opportunity. Completely renovated in 2024, the property boasts a brand-new exterior and windows, offering a fresh and modern aesthetic. The single-story building features a 14-foot ceiling height and one overhead door, providing convenient access for loading and unloading. The interior is currently a shell space, allowing for complete customization to suit a wide range of retail businesses. The property is zoned Highway Commercial (HC), ideal for businesses seeking high visibility and accessibility. Its strategic location directly abuts the Granite Street Shopping Center, benefiting from the existing foot traffic and customer base. Furthermore, the property enjoys a significant traffic count of 20,585 vehicles, ensuring substantial exposure for any tenant. Ample on-site parking is available for customers and employees. This prime retail space offers an unparalleled opportunity to establish a thriving business in a high-traffic, well-established commercial area. The building's recent renovation ensures a move-in ready condition, minimizing upfront costs and maximizing potential return on investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.