22 Frontage RdWesterly, RI 02891
- Industrial properties
- 14,400 SF
Property Details for 22 Frontage Rd
- Year built
- 2019
- Construction
- STEEL FRAME
- Lot size
- 4.89 AC
- Property size (Sq ft)
- 14,400 SF
- Property type
- Industrial properties
- APN
- WEST M:49 B:36 L:A
- APU
- WESTM49B36LA
Description
This exceptional commercial warehouse property, located at 22 Frontage Road in Westerly, Rhode Island, presents a unique investment opportunity. The property boasts a substantial 143,748 square foot lot, entirely enclosed by a perimeter fence, ensuring security and privacy. The main building, constructed in 2019, offers 14,780 square feet of well-maintained warehouse space. All utilities are conveniently connected to the property, minimizing setup costs for the new owner. The building's design is described as a "Butler type" structure, suggesting a high-quality, efficient build. This single-unit property is ideal for a variety of commercial uses, requiring an inspection to fully appreciate its features and potential. The asking price for this turnkey operation is $3,500,000. Located in Washington County, Rhode Island, with a zip code of 02891, this property offers easy access to major transportation routes and is situated in the thriving town of Westerly. The property's size and features make it an attractive option for businesses seeking a modern, secure, and well-equipped warehouse space. Serious inquiries are encouraged to schedule a viewing.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $5,312,100
- 6.5%
- $4,903,480
- 7%
- $4,553,230
-
Comparable approach
- Method
- Valuation
- Relative Method
- $3,010,410
- Geo Method
- $3,010,410
-
Alternative Use
- Use
- Valuation
- Retail / Commercial
- $2,514,480
- Mixed-Use / Specialty
- $2,505,520
- Hospitality / Lodging
- $1,838,220
- Office
- $2,490,630
- Institutional / Educational
- $2,604,730
- Residential Income
- $3,047,530
- Multifamily
- $3,655,040
- Automotive / Energy
- $2,232,620
- Parking / Income-Based Land
- $770,451
- Restaurant / Food Service
- $1,303,140
- Healthcare / Senior Housing
- $2,569,360
Location Insight
- City
- Westerly
- County
- Washington
- State
- Rhode Island
- Latitude
- 41.3889
- Longitude
- -71.804
- 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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