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$ 1,500,000
Est. payment | /mo
1.98 Acres Lot
$ 1,500,000
Est. payment | /mo
1.98 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73583382
HOA Y/N false
Annual Tax Amount $6,433
Tax Year 2026
Lot Size 1.980 Acres
Acres 1.98
Property Sub-Type Commercial
Property Description
DEVELOPMENT OPPORTUNITY Prime development opportunity at the intersection of Franklin Street and Wells Street in Westerly, Rhode Island.This strategically located property offers an opportunity for developers, investors and builders to pursue a thoughtfully planned residential, commercial or mixed-use project in an established Westerly corridor.A conceptual site plan has been prepared illustrating a potential development incorporating residential/multifamily buildings, professional/office space, parking, internal circulation and landscaped areas. The concept provides a starting point for evaluating the site's development potential while allowing a future purchaser to explore alternative configurations consistent with applicable zoning and municipal approvals.PROPERTY HIGHLIGHTS• Prominent Franklin Street / Wells Street location• Conceptual development plan available• Potential for residential and/or mixed-use development• Professional/office component illustrated in the conceptual plan• Internal parking and circulation shown• Established neighborhood with a combination of residential and commercial uses• Convenient access to downtown Westerly and regional transportation routes• Opportunity for a developer to evaluate and refine the existing concept
Location
State RI
County Washington
Zoning P15
Direction US Route 1 North to corner of Wells Street
Exterior
Community Features Shopping, Medical Facility, Laundromat, House of Worship, Public School, Sidewalks
Waterfront Description Harbor,Lake/Pond,Ocean,Direct Access,1 to 2 Mile To Beach,Beach Ownership(Public,Association,Deeded Rights)
Building
Lot Description Easements, Curbs & Gutters, Storm Drains, Sidewalks
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Berkshire Hathaway HomeServices Verani Realty
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