109 Wells St, Westerly RI 02891

Westerly, RI 02891

$1.5M

· 1.98 ac

Request a Private Showing Enquire by phone · +1 212 920 6260

The residence

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

At a glance

Property type: Commercial
Status: Active
Lot size: 1.98 acres
MLS#: 5ac0524ed88cc7ec365370021a845c3e
Beds · Baths: 0 · 0

Location

Westerly, RI.

Westerly, Rhode Island, is a market our advisors follow closely — its streets, housing stock and setting each shape what a residence here is worth and how it lives day to day. We are glad to walk you through the locale in detail, and how this particular address sits within it.

Estimated Monthly Payment+

$7K/mo

Approximate · principal & interest only

Down payment · 25%Interest rate · 6.75%Term · 30 years

Display Currency

$1.5M

Indicative conversion — settlement always in USD.

Private Showing

Arrange a viewing.

A senior advisor will reply personally to coordinate access at a time that suits you. All inquiries are held in confidence.

Listing courtesy of Berkshire Hathaway HomeServices Verani Realty · MLSPIN

MLS Property Information Network.The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

Listings updated Oct 2, 2026

Fair Housing