163 Main St.

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30556333
Property Subtypes: Office Building, Other
Status: Pending/Contingent
Building Size (RSF): 2,104 SF
Gross Building Area: 2,288 SF
Gross Land Area: 0.42 Acres
Sale Price: $349,000
Unit Price: $165.87 PSF
Ceiling: 9 ft.
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User
Usable Size (USF): 2,104 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/22/2020

Overview / Comments

Here is your opportunity to own a riverfront commercial building in historic downtown Westerly. Great investment and ideal for your own professional office with tenant income to offset expenses. This property provides ample parking and consists of 2 units.The interior of the first unit, currently leased, was completely renovated in 2015. The second unit provides approximately 1,100 sq ft of open space with endless possibilities. The building comes equipped with low maintenance vinyl siding and a rubber roof with a lifetime warranty. City water, sewer and gas add to this property's amenities. Easy access to Interstate and within walking distance to shopping, restaurants and everything Pawcatuck and Westerly has to offer.


Finance Data Year 2019
Real Estate Taxes - Annual($) $4,113 (Annual)
Tax Value Land $213,000
Tax Value Improvements $137,300
Assessed Value - Total($) $350,300 (Annual)

Additional Details

Nearest MSA: Providence-Warwick
County: Washington
Tax ID/APN: WY 66-11
Property Located Between: Shell & Scungio & Priolo Law Office
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,104 SF
Construction/Siding: Vinyl Siding
Parking Ratio: 21 (per 1000 SF)
Parking Type: Surface
Parking Description: ample parking
Total Parking Spaces: 21
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central, Heat Pump
Air Conditioning: Other
Zoning Description: DC11
Lot Frontage: 150
Lot Depth: 117
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: 4 parking spaces reserved for neighboring property.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,305 28,030 42,564
Median Age: 41.69 43.13 44.43
Households: 3,535 11,943 17,952


Photograph of Listing Agent

Andy Schilke

Schilke Realty ECCPN Member
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