12 Fort RdWesterly, RI 02891

  • Other commercial real estate
  • 468 SF
For Sale
$295,000 View listing

Property Details for 12 Fort Rd

Year built
1940
Construction
FRAME
Property size (Sq ft)
468 SF
Property type
Other 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.

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $88,564
    Hospitality
    $81,124
    Educational
    $67,494
    Medical
    $69,816
    Retail
    $104,991
12 Fort Rd, Westerly, Rhode Island

Location Insight

City
Westerly
County
Washington
State
Rhode Island
Latitude
41.3096
Longitude
-71.8585
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
-
$239,000
$239,000
-
-
-
-

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