129 Oak St Westerly, RI 02891
- Showrooms
- 3,720 SF
- 0.29 lot acres
Current Use by Public Records
- Martin & Son Auto Parts & Salvage / Used Auto Parts Store
Property Details for 129 Oak St
- Year built
- 1952
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.29 lot acres
- Property size
- 3,720 SF
- Property type
- Showrooms
- APN
- WEST M:48 B:61
- APU
- WESTM48B61
Description
This exceptional commercial property at 129 Oak Street, Westerly, RI, presents a unique investment opportunity. Spanning 4.22 acres, this established business boasts a 3,720 square foot retail building and has operated successfully for over 50 years under the same family ownership. Its prime location, just minutes from the highway, ensures high visibility and accessibility, making it an attractive destination for customers. The sale includes all remaining inventory at the time of closing, providing a seamless transition for the new owner. The property is currently licensed for both salvage and retail operations, with the licenses transferable to the buyer. This turnkey operation offers immediate income potential and significant growth opportunities. The substantial land area also allows for potential expansion or future development, adding further value to this already lucrative investment. The long-standing history and established customer base provide a solid foundation for continued success. This is a rare chance to acquire a well-established, profitable business with significant real estate assets in a desirable location. Don't miss this opportunity to own a piece of Westerly's commercial landscape.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Westerly
- County
- Washington
- State
- Rhode Island
- Longitude
- -71.8089
- Latitude
- 41.3835
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
