aisellshomes.space

$1,500,000

Active

109 Wells St

Westerly, RI, 02891

Land · MLS #73583382

Days on market

6 days

Lot size

1.98 ac

1.98 acres

Lot

About this home

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 HIGHLIGHTS• Prominent Franklin Street / Wells Street location• Conceptual development plan available• Potential for residential and/or mixed-use development• Professional/office component illustrated in the conceptual plan• Internal parking and circulation shown• Established neighborhood with a combination of residential and commercial uses• Convenient access to downtown Westerly and regional transportation routes• Opportunity for a developer to evaluate and refine the existing concept

Location

109 Wells St, Westerly, RI, 02891

Property details

Road type
Public, Paved, Publicly Maint., Sidewalk, U.S. Highway
Electric
110 Volts

Listed by Richard Garafola · Berkshire Hathaway HomeServices Verani Realty

Schedule a showing

109 Wells St

By submitting you agree to be contacted by Antonio Illas.

Estimated payment

$10,336 / month

Down payment20% · $300,000
Interest rate7.28%

Loan term

Principal & interest
$8,211
Property tax
$1,500
Home insurance
$625

Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses 1.2% of price (MA average).