101 Flr, Westerly, RI 02891
This exceptional commercial property at 101 Franklin Street, Westerly, Rhode Island, offers a 750-square-foot first-floor office space available for immediate lease. Located directly across from a bustling shopping plaza, this unit benefits from abundant natural light. The space features a main office with vaulted ceilings, accessible via double doors. Three additional offices and a private bathroom provide ample privacy and functionality. The building, constructed in 1986, boasts recent upgrades including a new roof and HVAC system, ensuring comfort and efficiency. Central air conditioning is included. The property sits on a 19,166-square-foot lot and is part of a two-story building. While ideally suited for office use, the zoning permits a variety of retail and service businesses. Its convenient location offers easy access to I-95, the Connecticut/Rhode Island border, and Westerly's beautiful beaches. A larger 1,000-square-foot second-floor space 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. This is a turnkey opportunity in a high-traffic area. The property's address is 101 Franklin Street, Westerly, RI 02891.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.