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Property profile & analytics
OFF-MARKET
Office Spaces

101 Flr Westerly, RI 02891

Built 1986
Property ID
Property summary
AI-generated overview

This turnkey commercial office space, located at 101 Franklin Street, Westerly, RI 02891, offers 750 square feet of usable space on the first floor of a two-story building. Situated directly across from a bustling shopping plaza, this property benefits from high visibility and convenient access. The space features vaulted ceilings, three additional offices, and a private bathroom. Recent building upgrades include a new roof and HVAC system, ensuring efficient and comfortable operation. Central air conditioning is installed throughout. The space is ideally suited for office use, but flexible zoning allows for a variety of retail and service businesses. The building sits on a 19,166 square foot lot. This location provides easy access to Interstate 95, the Connecticut/Rhode Island border, and Westerly's popular beaches. A second-floor space of approximately 1,000 square feet is also available for lease, featuring four offices, a reception area, and a private bathroom. The asking price for this first-floor space is $1,395. The building was constructed in 1986 and consists of one building with two stories. This is a single-unit property.

Property profile
Verified
Property type Office Spaces
Year built 1986
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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