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
Restaurant
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
116 ft on Granite St

AMENITIES

  • Pylon Sign
  • Signalised Intersection
Walk Score®
Very Walkable (74)

NEARBY MAJOR RETAILERS

Bank of America
Starbucks
Rent-A-Center
D'angelo Grilled Sandwiches
Webster Bank
Citizens Bank
The YMCA
CrossFit
Stop & Shop
Ninety Nine Restaurant & Pub

PROPERTY TAXES

  • Listing ID: 28555020

  • Date on Market: 23/05/2023

  • Last Updated:

  • Address: 157 Granite St, Westerly, RI 02891