267 Post RdWesterly, RI 02891

Property Details for 267 Post Rd

Year built

1984

Construction

FRAME

Lot size

4.17 AC

Property size (Sq ft)

32,137 SF

Property type

Other commercial real estate

Property subtype

Showrooms

APN

WEST M:112 B:28 L:AA

APU

WESTM112B28LAA

Description

This exceptional commercial property, located at 267 Post Road in Westerly, Rhode Island, presents a unique investment opportunity. Situated within the well-maintained Spindrift Village plaza, this 1,800 square foot space offers a flexible floor plan ideal for a variety of uses. The property is zoned for numerous retail and service businesses, providing limitless potential for entrepreneurs and established companies alike. Built in 1984, the single-story building sits on a substantial 181,645 square foot lot, providing ample parking for customers and employees. A key feature is the convenient rear service/employee entrance, enhancing operational efficiency. The unit also includes a private bathroom. The high traffic count and prominent location within Spindrift Village ensure excellent visibility and accessibility, making this an attractive proposition for businesses seeking a strong presence in the Westerly market. The property is available for immediate lease and is part of a larger 1-unit complex. The zip code is 02891, and the property is located in Washington County. This is a rare opportunity to secure a well-located, versatile commercial space in a thriving Rhode Island community.

• CAP approach

  CAP return

  Valuation

  6%

  $7,810,413

  6.5%

  $7,209,612

  7%

  $6,694,640

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,581,531

  Geo Method

  $10,581,531

• Alternative Use

  Use

  Valuation

  Residential

  $6,081,578

  Hospitality

  $5,570,692

  Educational

  $4,634,750

  Medical

  $4,794,146

  Retail

  $7,209,612

Location Insight

City

Westerly

County

Washington

State

Rhode Island

Latitude

41.351

Longitude

-71.7638

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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