49 Beach St Westerly, RI 02891
- Showrooms
- 9,280 SF
- 0.69 lot acres
Current Use by Public Records
- Junk & Java / Gift Shop / Coffee Shop
- Mr. Pizza / Pizza Takeout / Pizza Restaurant
- Hypnosis of Westerly / Holistic Medicine Practitioner
- Kitty Corner Cat Clinic / Veterinarian
- Kelaya Wild / Nail Salon / Waxing Hair Removal Service
Property Details for 49 Beach St
- Year built
- 1970
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.69 lot acres
- Property size
- 9,280 SF
- Property type
- Showrooms
- APN
- WEST M:76 B:2
- APU
- WESTM76B2
Description
This exceptional retail storefront, located at 49 Beach Street in Westerly, Rhode Island, presents a fantastic leasing opportunity. The property boasts 1,000 square feet of vacant space within a larger 1,800 square foot building situated on a 0.69-acre lot. The building, constructed in 1970, is classified as Class B and features a single story. Ample parking is available with 25 spaces provided for tenants and customers. The property is zoned GC General Commercial, allowing for a variety of retail uses. This prime location offers excellent visibility and accessibility, with 200 feet of road frontage and an average daily traffic count of 7,600 vehicles. The property is part of a thriving retail plaza, already home to a diverse mix of established businesses including a coffee shop, pet store, pizza restaurant, and vapor shop, creating a synergistic environment for new tenants. The lease rate for the 1,000 square foot space is $950 per month, plus utilities. This is an ideal opportunity for a business seeking high visibility and a strong customer base in a bustling Westerly location. The zip code is 02891.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $345,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $455,000
- 6.5%
- $530,000
- 7%
- $485,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $445,000
- Geo Method
- $425,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $455,000
- Retail
- $570,000
- Mixed-Use
- $490,000
- Hospitality
- $570,000
- Educational
- $550,000
- Residential Income
- $510,000
- Energy
- $555,000
- Income-Based Land
- $520,000
- Food Service
- $545,000
Location Insight
- Map
- Local Demand
- City
- Westerly
- County
- Washington
- State
- Rhode Island
- Longitude
- -71.8303
- Latitude
- 41.3661
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
