101 Franklin St, Westerly, RI 02891-3178
This exceptional commercial property, located at 101 Franklin Street, 2nd Floor, Westerly, RI 02891, presents a fantastic leasing opportunity. Situated on a 19,166 square foot lot, this two-story, 1986-built building offers a 1,000 square foot, second-floor office space ideal for various businesses. The unit boasts floor-to-ceiling windows, providing ample natural light, and features four separate offices, a reception area, and a private bathroom. Benefit from prime pylon signage and a backlit street-facing building sign for excellent visibility. Recent building upgrades include a new roof and HVAC system, ensuring comfort and efficiency. Central air conditioning is also included. The property's zoning allows for a variety of retail and service businesses, in addition to office use. Its convenient location offers easy access to I-95, the Connecticut/Rhode Island border, and Westerly's beaches. A first-floor unit of approximately 750 square feet, also with four offices and a private bathroom, is available for lease separately (see MLS #1361055). The asking price for this second-floor space is $1,500. This property is directly across from a popular shopping plaza, ensuring high foot traffic and visibility.
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Eastern Bank Bank Loan Service
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Findeisen Wealth Management Group, LLC Bank Credit Union
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Morrone Legal Law Firm
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Richard Grasso Physician Medical Clinic
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Kimberly Dalton Broker EXP Realty Real Estate Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
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