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

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

51 Franklin St

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.

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

Subdivision

Hospital and professional business

Amenities

  • FeaturesCorner Lot, Level
  • WaterfrontBeach Access

Utilities

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

Exterior

  • ExteriorOther
  • Lot DescriptionCorner Lot, Level
  • ConstructionOther

Additional Information

  • Date ListedApril 11th, 2019
  • Days on Market106
  • ZoningR6,R15,P

Listing Details

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

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Information is deemed reliable but is not guaranteed. © 2019 State-Wide Multiple Listing Service. All rights reserved.

Listing information last updated on November 22nd, 2019 at 8:32am EST.