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109 Wells StreetWesterly, RI 02891Price: $1,500,000

  • Price: $1,500,000
  • Est. Mortgage of $/month
  • 1 Day on Market
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Federal 30-year interest rate: 7.03% last updated on Sep 24, 2026
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This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $1,500,000List Price
  • 1.98Acreage
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Listed by Richard Garafola of Berkshire Hathaway HomeServices Verani Realty
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 HIGHLIGHTSo Prominent Franklin Street / Wells Street locationo Conceptual development plan availableo Potential for residential and/or mixed-use developmento Professional/office component illustrated in the conceptual plano Internal parking and circulation showno Established neighborhood with a combination of residential and commercial useso Convenient access to downtown Westerly and regional transportation routeso Opportunity for a developer to evaluate and refine the existing concept

Property Details of 109 Wells Street

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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, 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. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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