$1,500,000

109 Wells St, Westerly RI, 02891

Lot size1.98 Acres

Property typeLand

Overview

Active

Updated 8h ago

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

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