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Discover an exceptional opportunity to elevate your business, approx 650+/- sq fr office space, ideally situated on a very busy street in Westerly. Boasting unparalleled visibility and accessibility, office is directly across from a major shopping plaza, ensuring a constant flow of potential clientele.
This office space unit offers 3 versatile rooms, one of which is large enough to serve as a conference room, and a half bath, providing ample space for your operational needs. Ideally setup for an office but zoning allows for many types of retail and service such as a beauty salon/barber shop, therapy practice, wellness center, fashion boutique or a consulting firm.
Property offers office units with individual utilities, town sewage, gas, water, and central air conditioning. You'll also find convenient parking available in both the front and back of the building. The property boasts a newer roof, newer heating system, and exceptional manicured landscaping with a private parking lot, ensuring a well-maintained and attractive environment for your business.
This property is near I-95, the Connecticut/Rhode Island border, Downtown Westerly, and the beaches of Misquamicut, Weekapaug,
and Watch Hill, which are all a few miles away. It is also approximately 25 minutes from Narragansett, RI and Mystic, CT in either direction.
Tenant pays for electricity and 1/7 snow removal expenses. No nail salon and/or nail/pedicure services, No massage spa. Furniture not included.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $820 | $820 | $820 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.322% | 6.156% | 5.415% |
| Monthly Tax Payment | $509 | $509 | $509 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $5 | $5 | $7 |
| Total Monthly Payment | $589 | $589 | $591 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.