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263 Post Rd, Westerly, RI, 02891

2beds
1baths
2,406sqft
$849,000
$353price/sqft
$5,766/moest. monthly cost
$230,640/yrincome needed

About This Home

Seize this exceptional opportunity in the rapidly expanding Dunn’s Corners area. This offering includes two adjacent lots totaling 0.92 acres, featuring over 200 feet of prime frontage on busy Route 1—an established high-traffic corridor that ensures maximum visibility and exposure. This versatile property is ideally suited for a wide range of development possibilities. Surrounded by major retailers, popular dining options, and essential services including Walmart, South County Medical Center, and a nearby Mobil station, this location benefits from strong consumer activity and steady traffic flow. Adding to its appeal, the property is located less than two miles from the beach, offering a unique opportunity to capture both year-round local traffic and seasonal visitors. This property has been taken down to the studs, offering a blank canvas for your next investment vision. With the heavy lifting already started, it’s ready for a savvy buyer to bring new life and design to the space. Whether you're planning retail, restaurant space, professional offices, or a mixed-use residential project, this prime location provides the flexibility and positioning to bring your vision to life. A rare chance to invest in one of the area’s most active commercial corridors. **Property is Commercial and is selling with both 261 & 263 together MLS#1409785**

Getting Around

44
WalkingCar-Dependent
0
TransitNo Nearby Transit
43
BikeSomewhat Bikeable

Schools

5/10
Dunn's Corners SchoolGrades K-40.6 mi
6/10
Westerly Middle SchoolGrades 5-81.1 mi
7/10
Westerly High SchoolGrades 9-123.3 mi

Construction

Condition

  • Year built: 1950

Materials

  • Foundation: Concrete Perimeter
  • Construction materials: Clapboard

Type & Style

  • Home type: SingleFamily
  • Architectural style: Cape Cod
  • Property subType: Single Family Residence

Interior

Basement

  • Has basement: Yes
  • Basement: Full,Walk-Out Access,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Plumbing (None)
  • Flooring: Other
  • Fireplace features: None
  • Finished area below ground: 0
  • Finished area above ground: 2,406

Heating & Cooling

  • Heating features: None
  • Cooling features: None

Interior Area

  • Total structure area: 2,406
  • Total interior livable area: 2,406 sqft

Property

Details

  • Parcel number: WESTM112B29
  • Zoning: HC

Lot

  • Lot size: 0.45 Acres

Parking

  • Total spaces: 21
  • Parking features: Integral
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Hurricane
    HurricaneModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Inland Flooding
Hurricane
Lightning
Winter Weather
Tsunami

FEMA Declared Disasters Across Rhode Island Counties

Fire
Flood
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,293$51,516
Home Insurance *$486$5,832
Property Taxes $497$5,964
Electricity $490$5,880
Total$5,766$69,192
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$197,691/yr
40% on housing$172,980/yr
45% on housing$153,760/yr

Rhode Island FAIR Plan Programs

Rhode Island Joint Reinsurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 16,029Commercial: 109
Total Premiums$36.73M
Total Exposure$6.14B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.1%
8.1%
0%30.0%
Electricity Growth Rate10-year average: 6.7%
6.7%
0%15.0%
Property Taxes Growth Rate2-year average: -0.1%
-0.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$353This listing

vs Other Active Listings

Avg $/sqft

ZIP 02891$1,027
Washington County$617

vs Homes Sold Last Month

Median $/sqft

ZIP 02891$337
Washington County$360

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-11Listed for sale$849,000
2024-04-01Sold$217,750

For Sale by Agent

AgentChristopher Torrez
BrokerageRE/MAX ONE

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