109 Wells Street

New
New
Gallery Image 1
Active
$1,500,000
109 Wells St, Westerly, RI 02891
Est: $8,544/moGet pre-approved
OtherProperty Type
1.98 acresLot Size

Description

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,...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
Days on Market Listed Today
  • Listed by: Richard Garafola • Berkshire Hathaway HomeServices Verani Realty
Last updated: 09/28/2026 01:59 PM • Source: MLS PIN, MLS#: 73583382

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$8,544 per month

30 year fixed, 7.03% Interest

Principal and Interest

$8,008

Property Taxes

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Property Information for 109 Wells Street

Property Details
  • Taxes: $6,433 / year
  • MLS Type: Land / Commercial
  • County: Washington County
  • Town: Westerly
  • Area: RI-Westerly
Building Information
  • Lot Size: 1.98 AC / 86,248 SF
General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Shopping, Medical Facility, Laundromat, House of Worship, Public School, Sidewalks
  • Waterfront: No
  • Water View: No
Features
Interior Features
  • Bathrooms Total Integer: 0
Exterior Features
  • Lot Description: Easements, Curbs & Gutters, Storm Drains, Sidewalks
  • Waterfront Features: Harbor, Lake/Pond, Ocean, Direct Access, 1 to 2 Mile To Beach, Beach Ownership(Public, Association, Deeded Rights)
Utilities
  • Electric: On-Site
  • ElectricOnPropertyYN: Yes
  • Gas: At Street
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Num Of Lots: 1
  • Documents Available: Land Survey, Topographical Map, Brochure, Other (See Remarks)
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public, Highway
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Paved
Tax Information
  • Additional Parcels: No
  • Tax ID: 6208,465746
  • Assessments: $786,500
  • Block: 25
  • Book: 2017
  • Map: 88
  • Tax Year: 2026
  • Zoning: P15
Building / Association Information
Complex & Association Information
  • Adult Community: No

Property History for 109 Wells Street

DateEvent & SourcePriceAppreciation
Sep 28, 2026

Listed (Active)

MLS PIN #73583382

$1,500,000—
DateEvent & SourcePrice
09/28/2026

Listed (Active)

MLS PIN #73583382

$1,500,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 109 Wells Street

Taxable ValueLand$626,900Additions$159,600Total$786,500
Tax Record2025$6,119 ($510 / month)
Home Facts
Baths1Total Finished SqFt740 SqFtAbove Grade Finished SqFt740 SqFtStories1Lot Size86,264 SqFtStyleMiscellaneous CommercialYear Built1955Year Renovated1955CountyWASHINGTONAPNWEST M:88 B:25

Schools near 109 Wells Street

This home is within Westerly School District.
Rating
School
Type
Grades
Distance
State Street School
Public - K to 4
Westerly Middle School
Public - 5 to 8
Westerly High School
Public - 9 to 12
Dunn's Corners School
Public - K to 4
Rating
School
Distance
State Street School
PublicK to 4

Westerly Middle School
Public5 to 8

Westerly High School
Public9 to 12

Dunn's Corners School
PublicK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 109 Wells Street, Westerly, RI 02891

109 Wells Street is for sale in Westerly, RI 02891. This listing's school district is Westerly School District. Nearby schools include State Street School, Westerly Middle School and Westerly High School. 109 Wells Street is a 0-bed, 0-bath.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Berkshire Hathaway HomeServices Verani Realty

Based on information from one of the following Multiple Listing Services: Rhode Island Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Rhode Island Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.