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Property profile & analytics
OFF-MARKET
Commercial real estate

12 Ft Rd Westerly, RI 02891-5708

468 SF Built 1940
Entity Owned Free & Clear
Property ID
US76-0338876
Property summary
AI-generated overview

This exceptional commercial property, located at 12 Fort Road UNIT G-3 in Westerly, Rhode Island, presents a unique investment opportunity. The 88,000 square foot lot houses a two-story, 1940-built building with one unit, offering versatile space suitable for a variety of commercial uses. Its prime location on a busy street in Watch Hill ensures high visibility and significant traffic counts, drawing customers from New York, Connecticut, New Jersey, and Massachusetts. The property's proximity to Rhode Island's resort areas further enhances its appeal. The zoning allows for numerous retail and service businesses, unlocking significant potential. The property includes ample parking for over 40 vehicles, and each commercial unit benefits from separate utilities. This is a rare chance to acquire a well-situated commercial property with substantial upside in a thriving coastal community. The asking price is $295,000. The property is classified as Land, Retail, Office, and Industrial, encompassing various subtypes including Traditional Office, Storefront, Convenience Store, Executive Office, Warehouse, Creative Office, and Farm. This versatile space is ideal for a variety of businesses.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL CONDOMINUIM
Year built 1940
Construction FRAME
Total area 468 SF
APN WEST M:185 B:32 L:G U:3
UPID US76-0338876
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
The Boutiues LLC
The Boutiues LLC
since 2025
Last sale
$325,000
6 recorded transactions
2025
$325,000
2024
Price N/A
2024
$3,637
2024
$3,162
2023
$2,528
2014
$200,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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