157 Granite St
9,300 SF 100% Leased Retail Building Westerly, RI 02891 £1,771,281 (£190.46/SF)
INVESTMENT HIGHLIGHTS
- High Visibility Intersection
- Long term redevelopment
- 370 Feet of frontage over 2 streets
EXECUTIVE SUMMARY
Long term redevelopment opportunity. 3/4+ Acre corner lot located on high traffic, high visibility, intersection with 370 feet of frontage over 2 streets. Directly across from Cumberland Farms, CVS, and coming soon-brand new Starbucks. Major thru-way, close proximity to Westerly hospital, airport and beaches. New legislation may allow for additional residential units and potential expansion. Buyer to perform own due diligence
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,300 SF
Building Class
C
Year Built
1950
Price
£1,771,281
Price Per SF
£190.46
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.27
Lot Size
0.78 AC
Zoning
HC
Parking
38 Spaces (4.09 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signalised Intersection
Walk Score®
Very Walkable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | WEST-000077-000333A | Improvements Assessment | £105,582 |
| Land Assessment | £315,512 | Total Assessment | £421,094 |
