105 Franklin StWesterly, RI 02891

  • Other commercial real estate
  • 4.78 AC
For Lease

Property Details for 105 Franklin St

Lot size
4.78 AC
Property type
Other commercial real estate
APN
WEST M:98 B:70
APU
WESTM98B70

Description

This exceptional commercial property, located at 105 Franklin Street in Westerly, Rhode Island, offers a unique opportunity for businesses seeking flexible and well-situated office space. The property, a Class B building constructed in 1980, comprises three single-story buildings totaling 18,560 square feet situated on a 4.78-acre lot. The zoning is HC Highway Commercial, providing excellent visibility and accessibility. Multiple tenancies are available, with a minimum divisible space of 800 square feet and a maximum contiguous space of 1,600 square feet, perfect for a variety of business needs. The property boasts ample parking with over 150 spaces available for tenants and their clients. Located in the bustling Millpond Plaza, this location benefits from high visibility on heavily traveled roads, with an average daily traffic count exceeding 22,700 vehicles. Join a thriving community of businesses, including ACE Hardware and 38 other established tenants. The property features no elevators. This is an excellent opportunity to establish your business in a high-traffic, convenient location in Westerly, RI. The zip code is 02891, and Washington County is the location.

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $39,402,800
    Hospitality
    $36,092,752
    Educational
    $30,028,748
    Medical
    $31,061,482
    Retail
    $46,711,384
105 Franklin St, Westerly, Rhode Island

Location Insight

City
Westerly
County
Washington
State
Rhode Island
Latitude
41.36
Longitude
-71.812
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
$27,744
$1,712,700
$942,200
$2,654,900
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