41.36349 -71.81552
$3,250,000
Active
397,703Lot Size
Commercial/Business in Westerly
OVERVIEW/DESCRIPTION: Property consists of 51 Franklin St., 107, 109 and 111 Wells Street (Plat 87, Lot 146 & 147 and Plat 88 Lot 24 & 25) 9.13 acre site corner of Franklin Street and Wells Street with a master plan approval from the Town of Westerly 400 feet of frontage on Franklin and 107 frontage on Wells with a P-15 Zone on Franklin St. and HDR-15 Zone off of Wells St. combines a broad spectrum of potential build outs of (3) three 6,000 sf professional office buildings and connecting to 32 condominium units. Assisted living and/ or living concept of "age friendly� development are within this zone. A comprehensive permit could allow for greater density in exchange for (8) eight income affordable homes. Available utilities include city water, sewer and gas. No Flood Hazard Zone exists. Property is located on the westerly side of Franklin St and the southerly side of Wells Street.SITE DESCRIPTION: 51 Franklin St. and 107, 109 and 111 Wells Street. Assessors Plat 87 Lots 146 & 147, Plat 88, Lots 24 & 25. Zoning districts of HDR-6, HDR-15, P-15.TRAFFIC COUNT: 22,700 dailyGreat highway locations, Route 78 to Interstate 95 (I95), Airport Road to RI beaches and Westerly Airport 1.3 miles away (4 minutes), Route 2 to Casinos, Route 1 to Narragansett and Newport areas (30 minutes) and Westerly Amtrak 1.8 miles away (6 minutes). Walk to grocery, shopping, medical, hospital and professional business easily.
Courtesy Of RE/MAX South County

Main Features

  • Listing Status: Active
  • Year Built: 2021
  • County: Washington
  • Taxes: $5,202.00
  • Zoning: R6,R15,P
  • Subdivision: Hospital And Professional Business
  • MLS Number:1245468

Additional Features

  • Zoning:
    • R6,R15,P
  • Building Description:
    • Other
  • Loading Dock:
    • None
  • Location:
    • Suburban
  • Type:
    • Mixed Use
    • Total Residential Development
  • Acres:
    • 9.13
  • Frontage:
    • 507
  • Close To:
    • Commuter Bus
    • Golf
    • Highway Access
    • Hospital
    • Interstate
    • Marina
    • Private School
    • Public School
    • Railroad
    • Recreational Facilities
    • Schools
    • Shopping
    • Swimming
    • Tennis
  • Electric:
    • None
  • Sewer:
    • Available
  • Utilities:
    • Cable TV
    • Electric
    • Gas
    • Gas Available
    • Municipal Water
    • Sanitary Sewers
    • Street Lights
    • Telephone
  • Road:
    • Dirt
    • High Traffic
    • Sidewalks
    • Street Lights
  • Water:
    • Available
    • Municipal
    • Public Available
  • Above Grade SQFT:
    • 0
  • Divisable:
    • Y
  • Lot Size Sq Ft:
    • 397703
  • Use Type:
    • Mixed Use
  • Vacancy Allowance:
    • 100
56 Wells St Westerly RI 02891
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