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Property profile & analytics

12 Ft Rd Westerly, RI 02891-5708

  • Commercial real estate
  • 468 SF
OFF-MARKET
Last Sale
May 01, 2025
$325,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US76-0338876
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 12 Ft Rd

Year built
1940
Construction
FRAME
Property size
468 SF
Property type
Commercial real estate
APN
WEST M:185 B:32 L:G U:3
APU
WESTM185B32LGU3

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
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  • CAP approach

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  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Westerly
County
Washington
State
Rhode Island
Longitude
-71.8585
Latitude
41.3096
CBSA code
39300
CBSA name
PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$2,345
$0.00
$239,000
$239,000
-
$0.00
$0.00
$0.00
More about this property
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