- For Sale $1,500,000
- Property Type VacantLand
- Property Size 740 SF
- Units 1
- Lot Size 1.98 Acre
- Year Built 1955
- Date Updated Sep 24, 2026
Description
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.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.
Highlights
- Conceptual development plan available
- Convenient access to downtown Westerly and regional transportation routes
- Established neighborhood with a combination of residential and commercial uses
- Internal parking and circulation shown
- Opportunity for a developer to evaluate and refine the existing concept
- Potential for residential and/or mixed-use development
- Professional/office component illustrated in the conceptual plan
- Prominent Franklin Street / Wells Street location
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Contacts
Richard Garafola
New England Properties
Location
Located at 109 Wells St, Westerly, RI 02891, this property is part of the Downtown Westerly neighborhood and Providence market.
Contact Listing Broker
Richard Garafola
New England Properties