64-68 Franklin St Westerly, RI 02891
Shoppes on Franklin presents a unique retail investment opportunity in Washington County. This multi-tenant property boasts a total of 76,619 square feet, with 31,416 square feet currently available for lease. The property is strategically located near I-95, offering excellent accessibility and high visibility to a large customer base. Its proximity to the Connecticut-Rhode Island state line, Westerly State Airport, and the popular Watch Hill and southern coastline beaches further enhances its desirability. The development plan includes the potential for up to 53,000 square feet of additional space, sub-dividable or build-to-suit, plus a separate outparcel of up to 3,800 square feet. Ample parking is provided with 316 spaces. This property is ideal for businesses seeking high-traffic locations with strong regional appeal. The existing space offers immediate occupancy for a variety of retail uses, while the development potential allows for customization to meet specific tenant needs. This is a rare opportunity to secure a prominent retail presence in a thriving coastal market. Contact us today to learn more about leasing options and development possibilities.
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.