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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

11 Wells St Westerly, RI 02891

Built 1960
Property ID
Property summary
AI-generated overview

This exceptional 1-story, 1960-built medical office building presents a unique investment opportunity in Westerly, Rhode Island. Located at 11 Wells Street, Unit 3, this single-unit property offers 0 square feet of land and is categorized as Commercial, Medical Office, Storefront, and Executive Office space. Ideal for a variety of uses, including dentistry or other medical practices, this property boasts a prime location within the vibrant Westerly community. The building's single-story design provides easy accessibility and efficient use of space. While the lot size is listed as 0 square feet, further investigation into the property's exact land holdings is recommended. The asking price for this property is $125,500. Given its versatile nature and strategic location, this property represents a compelling investment opportunity for those seeking a foothold in the thriving Westerly market. The property's classification as both commercial and medical office space opens doors to a wide range of potential tenants and revenue streams. Its location in Washington County, Rhode Island, offers easy access to local amenities and a strong local economy. This is a rare chance to acquire a well-situated property with significant potential for growth and return on investment. Interested parties are encouraged to conduct their due diligence to fully assess the property's potential. The address is clearly identified as 11 Wells Street, Unit 3, Westerly, RI 02891.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1960
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
Current use
Occupant on record · Public records
  • 11 Wells Street, Suite 6 Community Health Centre Health Care Facility
  • Eric M. Cohen, MD Physician
  • Woo Jin Lee, MD Physician
  • Stephen B. Gross, MD Physician
  • Eric Meehan, DPM Physician
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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