12 Ft Rd Westerly, RI 02891-5708
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.
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
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.