157 Granite St

Investment Highlights

High Visibility Intersection Long term redevelopment 370 Feet of frontage over 2 streets

Executive Summary

Long term redevelopment opportunity. 3/4+ Acre corner lot located on high traffic, high visibility, intersection with 370 feet of frontage over 2 streets. Directly across from Cumberland Farms, CVS, and coming soon-brand new Starbucks. Major thru-way, close proximity to Westerly hospital, airport and beaches. New legislation may allow for additional residential units and potential expansion. Buyer to perform own due diligence

• Sale Type    Investment or Owner User
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Freestanding General Retail Storefront Retail/Residential Restaurant
• Building Size    9,300
• Building Class    C
• Year Built    1950
• Price    2,295,000
• Price Per SF    247
• Percent Leased    100
• Tenancy    Multiple
• Building Height    2 Stories
• Building FAR    0.27
• Land Acres    0.78 AC

• Pylon Sign
• Signalized Intersection