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51 Franklin ST, Hospital and professional businessWesterly, RI 02891MLS Number 1220001

  • Price: $3,250,000The price has recently decreased
  • Est. Mortgage of $/month
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Price Down Payment Interest Rate Years

Est. Mortgage: $/month

Federal 30-year interest rate: 3.68% last updated on 2019-12-05

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

  • R6,R15,PZoning

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.

Listed by Lynn Azzinaro of RE/MAX South County

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Basic Information

  • Virtual TourClick Here
  • Property TypeVacant Land
  • Land StatusFinished Lot
  • StatusACT
  • Status Change Date2019-04-12T10:00:18
  • TypeTotal Residential Development
  • List Price$3,250,000
  • Listing Agent NameLynn Azzinaro
  • Broker NameRE/MAX South County
  • Best UseCondominium, Residential Development
  • MLS Number1220001


  • Sale Date11/30/-0001
  • View Count24


  • Address51 Franklin ST
  • IDX Address DisplayYes
  • TownWesterly
  • StateRI
  • Zip02891
  • County IDWashington
  • NeighborhoodHospital and professional business
  • NearCommuter Bus, Golf, Highway Access, Hospital, Interstate, Marina, Private School, Public School, Railroad, Recreational Facilities, Schools, Shopping, Swimming, Tennis


  • UtilitiesCable TV, Electric, Gas, Gas Available, Municipal Water, Sanitary Sewers, Street Lights, Telephone
  • Utilities In AreaElectric, Gas, Muncipal Water, Sewer


  • Apx Acres Condo Site Acres9.13
  • LotCorner, Sidewalks
  • Lot Frontage507
  • Approx Lot Sq Foot397702.8
  • Percent Field75
  • Percent Woods25
  • Number Of Approved Lots1
  • Potential Lots1
  • RoadDirt, High Traffic, Sidewalks, Street Lights
  • TopographyLevel

Water Body

  • Water AmenitiesBeach

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