170 Main StWesterly, RI 02891

Property Details for 170 Main St

Year built

1988

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.17 AC

Property size (Sq ft)

3,754 SF

Property type

Other commercial real estate

Property subtype

Showrooms

APN

WEST M:66 B:6

APU

WESTM66B6

Description

This exceptional commercial property in Westerly, Rhode Island, presents a rare opportunity for investors and developers. Located at 170 Main Street, this offering encompasses two parcels totaling 21,780 square feet, boasting over 170 feet of frontage on a busy downtown street. The first parcel features a 7,326 square foot retail building, currently divided into three commercial spaces. This building offers significant flexibility, allowing for subdivision into six smaller units or consolidation into a single large space, catering to diverse business needs. Across the street from the Pawcatuck River, this building benefits from high visibility and foot traffic in Westerly's historic downtown. The second parcel includes a two-story warehouse building, providing 3,754 square feet of unfinished space with convenient garage door access. The flexible zoning allows for a variety of uses, including residential and retail options, opening doors to creative development strategies. Built in 1950, this property presents a strong foundation for immediate income generation or future expansion. The asking price for this combined property is $1,200,000. This is a unique opportunity to acquire a substantial commercial holding in a thriving Rhode Island town. The property's prime location and versatile zoning make it an ideal investment for those seeking high-return potential.

Location Insight

City

Westerly

County

Washington

State

Rhode Island

Latitude

41.3715

Longitude

-71.8307

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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