92 Granite St
Westerly, RI 02891
Quarryside Shoppes and Suites · Property For Lease

Real Estate – For Sale – Land – Shoreline Location Planned development is up to 30,000 square feet of gross leasable area with 20,000 square feet at grade and 10,000 square feet of second floor space as currently designed 4.65 Acres – Zoning – Highway Commercial (HC); Mixed-use Potential Shoreline area – Westerly, Rhode Island Located on high volume traffic corner just east of downtown Reference Address: 92 Granite Street, Westerly, Rhode Island Town of Westerly – Property Addresses 92, 98,100 Granite Street and 5, 7, 9 Tower Street, Westerly, Rhode Island Total Space Available: 4.65+ acres Asking Price = $2,500,000 Zoning – Highway Commercial (HC); Plans include potential mixed-use retail-residential or credit driven single-user sub-projects as build-to-suits with net leased alternatives Subject Property - Lot Configuration Lot Reference Acres/Zoning Designations Lot - Uplands 3.65 acres/Highway Commercial (HC) Lot – Quarry - Amenity 1.00 acres/Highway Commercial (HC) Lot – Total 4.65 acres/Highway Commercial (HC) Property Type: Vacant Land Property Sub-type: Mixed-use Potential Including Commercial and Residential Access: The property has multiple points of ingress egress on Granite Street with secondary access on Tower Road. Lot Size: 4.65+ Acres Zoning Description: Highway Commercial (HC) uses are legally permitted with mixed-use potential fpr additional building area permitted by approval for residential use Highlights • Utilities – Water – Municipal water • Utilities – Sewer – Municipal sewer • Utilities – Electric – Regional utility • 422.90' of Frontage on Granite Street • 460.04' of Frontage on Tower Road • Granite Street provides several points of access established by the prior uses of the property • Tower Avenue provides one point of access to the property • 5 minutes to downtown Westerly, Rhode Island • 10 minutes south is the shoreline district of Watch Hill • 15 minutes east is the State Beaches of Misquamicut • Interstate 95 access is 10 minutes north with full access, a national commerce highway • 30 minutes east to the Groton-New London metro area, New London • 60 minutes west to the city of New Haven • 20 minutes east to Stonington Harbor • 1.0 hour north to Green Airport • 1.5 hours north to Bradley International Airport • 1.0 hours east to Newport, Rhode Island • 2.0 hours northeast to Boston, Massachusetts • 2.5 hours southwest to New York City ________________________________________ Description NAI Signature Group is pleased to present these rare commercial shoreline lands just minutes away from the sand and waters of the Long Island Sound and the Atlantic Ocean. The parcels are offered for sale or ground lease at the owners discretion. The proposed buildings are also offered for pre-lease for this ownership or a successive ownership. The lands have a range of potential uses due to the location, surrounding zoning and properties. The zoning designation is commercial. A practical review demonstrates additional potentials hospitality, multifamily, institutional, schools, condominium and more. The property has unique linkage assemblage potential around the quarry at the east side of the site. Also nearby is a rail station linking the area to regional cities including Providence, Boston and New York City. The property is walking distance to the train station and cycling distance to the shoreline. . We welcome discussions with the abutters and nearby business owners as well as national retailers, restaurateurs, lenders and others permitted in this zoning district. The property was designed and approved for a 30,000 square foot one- and two-story retail office project which was permitted to lapse and may be reinstated at buyer’s discretion. The site is located at a signalized intersection benefiting the visibility of the property and access. This may be a transformation opportunity for this neighborhood and community. Cooperating Local Broker: Remax South County 56 Wells Street Westerly, RI 02891 Real Estate Licenses: S31703 (RI) Other Licenses: RE (CT License), S31703 (RI Westerly RI) Property is available for freestanding development of national credit retailers, banks, financial services offices, convenience retail, drive through potential. City of Westerly planner encourages mixed-use development with retail and residential uses. The property is walking distance to the Westerly Amtrak train station and thus is commutable to Providence and Boston for employment. The site is at the north end of a retail corridor that extends from Route 78 northwest to this signalized intersection at the high school and then west to downtown Westerly, also within walking distance. The shoreline is a short drive south to Watch Hill and southeast to the Rhode Island State beaches of Miquamicut. Atlantic Ocean access is available via the Pawcatuck River 1 mile east of the site, a tributary that provides marine access to the ocean by power and sailboats. The area is built-up with golf course, hotels and seasonal retail as a destination ocean and beach community of the northeast.