51 Franklin Street

    Westerly, RI 02891
    • $3,250,000
    • STATUS: Active
    • ON SITE: 71 days
    • MLS #: 1245468
    UPDATED: 14 min ago
    $3,250,000
    • 0
      BEDS
    • 9.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    County:
    Area:

    School Ratings & Info

    Description

    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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    © 2020 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Onshore Realtors are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Onshore Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2020-04-03T16:37:40.003.
    www.onshorerealtors.com/homes/102501169

    51 Franklin Street Westerly, RI 02891

    • Price: $3,250,000
    • Status: Active
    • Updated: 14 min ago
    • MLS #: 1245468
    0
    Beds
    0
    Baths
    0
    ½ Baths
    9.13
    Acres
    Neighborhood:
    Hospital And Professional Business
    County:
    Washington
    Area:
    Westerly
    Property Description
    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.
    Exterior Features

    Construction Materials Other Frontage Length 507 Parking Total 0

    Property Features

    Business Type MedicalMixedResidential Community Features GolfHighway AccessMarinaNear HospitalNear SchoolsRecreation AreaShoppingTennis Court(S)High Traffic LocationStreet Lights Electric None Land Lease YN No Operating Expense 0 Possible Use DevelopmentInvestmentMixed Use Property Sub Type Mixed Use Road Surface Type Dirt Sewer Not ConnectedSanitary Tax Annual Amount 5202 Tax Assessed Value 457900 Tax Lot 24+ Tax Year 2019 Utilities Cable AvailableElectricity AvailableNatural Gas AvailableMunicipal UtilitiesPhone AvailableWater Connected Water Source Not ConnectedPublic Zoning R6R15P

    Listing information © 2020 State-Wide Multiple Listing Service.
    Listing provided courtesy of Re/Max South County.





    © 2020 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Onshore Realtors are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Onshore Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2020-04-03T16:37:40.003.
     
    Onshore Realtors
    57 Shore Rd, Suite B
    Westerly RI, 02891