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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 HIGHLIGHTSo Prominent Franklin Street / Wells Street locationo Conceptual development plan availableo Potential for residential and/or mixed-use developmento Professional/office component illustrated in the conceptual plano Internal parking and circulation showno Established neighborhood with a combination of residential and commercial useso Convenient access to downtown Westerly and regional transportation routeso Opportunity for a developer to evaluate and refine the existing concept

More Info

Basic Information

  • Lot Features Easements, Curbs & Gutters, Storm Drains, Sidewalks
  • Mls StatusNew
  • Parcel Number 6208,465746
  • Road Frontage DescriptionPaved

Tax Information

  • Tax Assessed Value $786,500
  • Tax Year 2026
  • Taxes$6,433

Basic Information

  • List Price$1,500,000
  • MLS Number73583382
  • Modification Date09/28/2026
  • Property SubTypeCommercial

Location

  • Address109 Wells Street
  • Building Number109
  • CountyWashington
  • StateRI
  • StreetWells Street
  • TownWesterly
  • Zip02891

Building

  • Building Area Units Square Feet

Property

  • Acreage1.98

Utilities

  • Electric On-Site
  • Electric On Property YN Yes
  • Gas At Street
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Lot Size Square Feet 86,248
  • Lot Size Units Acres
  • Road Responsibility Public Maintained Road

Amenities

  • Amenities
    • House of Worship
    • Laundromat
    • Medical Facility
    • Public School
    • Shopping
    • Sidewalks
  • Other AmenitiesLakefront

Water Body

  • Miles to Beach2
  • Waterfront Features Harbor, Lake/Pond, Ocean, Direct Access,1 to 2 Mile To Beach, Beach Ownership(Public, Association, Deeded Rights)

Other

  • Date Listed09/28/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Richard Garafola of Berkshire Hathaway HomeServices Verani Realty

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