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MLS # 1245468 - Active
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 daily Great 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.
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Property Type:
Commercial
MLS#:
1245468
Price:
$3,250,000
Year Built:
2021
Rooms:
--
City:
Westerly
Neighborhood:
Hospital And Professional Business
Lot Size:
9.13 Acres
Zip Code:
02891
Agent Information:
Listed By: RE/MAX South County
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Property Details
Style Type: Mixed Use, Total Residential Development Building Levels: --
Beds: -- Bathrooms:
Living Area: sq. ft. Under Construction: No
Garage Spaces: None Fireplaces: None
Garage Type: -- Fireplace Type: --
Rooms: --
Exterior: --
Finished Floor: --
Sewer: Available
Electric: None
Hot Water: --
Heat: --
Heating System: --
Cooling: --
Water Amenities: --
Handicap Accessible: --
Lot: --
Pool: --
Equipment: --
Near: Commuter Bus, Golf, Highway Access, Hospital, Interstate, Marina, Private School, Public School, Railroad, Recreational Facilities, Schools, Shopping, Swimming, Tennis
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Content Updated 2/24/2020