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51 Franklin St, Westerly, RI – $3,250,000

  • $3.3M Price
  • 9.13 Acres
  • 239 DOM
  • $3.3M Price
  • 9.13 Acres
  • 239 DOM

51 Franklin St


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.
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.

Essential Information

  • MLS® #1220001
  • Price$3,250,000
  • Bathrooms0.00
  • Acres9.13
  • TypeLand
  • Sub-TypeResidential
  • StatusActive
  • HOA Dues0.00

Community Information

  • Address51 Franklin St
  • CityWesterly
  • CountyWashington
  • StateRI
  • Zip Code02891


Hospital and professional business


  • FeaturesCorner Lot, Level
  • WaterfrontBeach Access


Cable Available, Electricity Available, Natural Gas Available, Municipal Utilities, Phone Available, Water Connected


  • ExteriorOther
  • Lot DescriptionCorner Lot, Level
  • ConstructionOther

Additional Information

  • Date ListedApril 11th, 2019
  • Days on Market239
  • ZoningR6,R15,P

Listing Details

  • OfficeRe/max South County
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Re/max South County.

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Listing information last updated on April 7th, 2020 at 7:46am EDT.