96 Franklin St

Office for Sale
Catylist Listing ID: 30660946
Property Subtypes: Office Building
Building Size (RSF): 2,761 SF
Gross Land Area: 11,326 SF
Sale Price: $495,000
Unit Price: $179.28 PSF
Property Use Type: Vacant/Owner-User
Usable Size (USF): 2,761 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/26/2020

Overview / Comments

Commercial office building located in the heart of Westerly presents unlimited use possibilities. Located directly next to a popular shopping plaza on Franklin St. with a traffic count of 21,000 per day, this building boasts over 2,700 sq ft. The first floor is equipped with a large reception area, 4 separate offices, a conference room, central work area and a bathroom. The second level offers an additional 3 separate offices with a conference room and another bathroom. Ideally setup for an office but zoning allows for many types of retail and service uses as well. Close proximity to I-95, the CT/RI border and Westerly beaches.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $4,623 (Annual)
Tax Value Land $269,600
Tax Value Improvements $124,200
Assessed Value - Total($) $393,800 (Annual)

Additional Details

Nearest MSA: Providence-Warwick
County: Washington
Taxing Authority: Westerly
Tax ID/APN: WY 88-45
Zoning: HC
Property Located Between: Westerly Animal Hospital
Property Visibility: Excellent
Highway Access: Close proximity to I-95 & CT/RI state border
Airports: Westerly Airport
Site Description: Located directly next to a popular shopping plaza on Franklin St. with a traffic count of 21,000 per day
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 1,380 SF
Year Built: 1950
Roof Type: Gable
Construction/Siding: Brick/Vinyl Siding
Parking Ratio: 10 (per 1000 SF)
Parking Type: Surface
Parking Description: 10 on site parking spaces
Total Parking Spaces: 10
Sprinklers: None
Heat Type: Natural Gas, Hot Water
Heat Source: Baseboard
Air Conditioning: Other
Interior Description: Building boasts over 2,700 sq ft. and is equipped with a large reception area, 4 separate offices, a conference room and a bathroom on the main level. The second level offers an additional 3 separate offices with a conference room and another bathroom.
Zoning Description: Highway Commercial
Lot Frontage: 75
Lot Depth: 145
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,972 29,051 37,241
Median Age: 46.26 43.1 44.32
Households: 2,252 12,350 15,896

Contact

Photograph of Listing Agent

Andy Schilke

Schilke Realty ECCPN Member
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