12 Fort RdWesterly, RI 02891
- Other commercial real estate
- 468 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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