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Off market
  • $786,500

    109 Wells St, Westerly, RI 02891

    1beds
    0baths
    9.13Acres
    VacantLand
    Built in 1955
    9.13 Acres Lot
    $-- Zestimate®
    $1,063/sqft
    $1,390 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $1,390/mo

    Zestimate® history
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    $4,674/mo

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    $4,674/mo

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    What's special

    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.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 0
    Heating
    • Forced air, Electric, Gas
    Interior area
    • Total interior livable area: 740 sqft

    Property

    Features
    • Exterior features: Wood
    Lot
    • Size: 9.13 Acres
    • Topography: Level
    Details
    • Parcel number: WESTM88B25

    Utilities & green energy

    • Utilities for property: Cable TV, Electric, Telephone, Municipal Water, Gas, Sanitary Sewers, Street Lights, Gas Available

    Community & neighborhood

    Location
    • Region: Westerly

    Other

    Other facts
    • Near: Highway Access, Golf, Hospital, Commuter Bus, Marina, Private School, Public School, Shopping, Swimming, Tennis, Railroad, Recreational Facilities, Schools, Interstate
    • PropertyType: Vacant Land
    • Utilities: Cable TV, Electric, Telephone, Municipal Water, Gas, Sanitary Sewers, Street Lights, Gas Available
    • LotDescription: Corner, Sidewalks
    • Topography: Level
    • UtilitiesInArea: Electric, Muncipal Water, Gas, Sewer
    • WaterSupply: Available, Municipal, Public Available
    • BestUse: Residential Development, Condominium
    • Type: Total Residential Development
    • Building: Other
    • WaterAmenities: Beach
    • UnderConstruction: 0

    Price history

    DateEventPrice
    12/11/2019Price change$3,250,000+30%$4,392/sqft
    Source: RE/MAX South County #1220001
    12/7/2019Price change$2,500,000-23.1%$3,378/sqft
    Source: RE/MAX South County #1220001
    9/17/2019Price change$3,250,000+30%$4,392/sqft
    Source: RE/MAX South County #1220001
    8/21/2019Price change$2,500,000-23.1%$3,378/sqft
    Source: RE/MAX South County #1220001
    4/12/2019Listed for sale$3,250,000$4,392/sqft
    Source: RE/MAX South County #1220001

    Public tax history

    YearProperty taxesTax assessment
    2025$6,119 -6.6%$786,500 +25.5%
    2024$6,551 +276.1%$626,900 +263.4%
    2023$1,742 $172,500

    Find assessor info on the county website

    Neighborhood: 02891

    Nearby schools

    GreatSchools rating