The Bradford Mill, located at 460 Westerly Bradford Road, is a gated industrial complex in Westerly, Rhode Island. The mill contains approximately 538,916 square feet across nine buildings and is situated on a 60-acre site along the Pawcatuck River. With easy access to Interstate 95 and ample on-site parking, the Bradford Mill is ideal for warehouse, manufacturing, and distribution use. The General Industrial zoning allows for a wide span of new businesses to occupy this asset. The property is suited for a single user or multiple tenants, depending on the new ownership’s vision. While the asset will be delivered completely vacant, there is current income reflected in the financials. There are two cell towers leased to T-Mobile and AT&T, which have a strong commitment to the site. Current ownership has put in some value-add around tax abatements, protective land use permits, and remediation of asbestos and other environmental concerns.

The Washington County industrial submarket is an excellent place for investors to enter. The vacancy is impressively low at 1.7%. Rents have changed by 4.8% year over year in Washington County. The submarket comprises 210,000 square feet listed as available for rent. There is nothing currently under construction allowing for existing inventory to be highly valued. The industrial market in Providence, Rhode Island, is also the perfect place for business. Vacancies in Providence remain below the long-term historical average. Rent performance outpaces the nation's average growth rate of 3.0%. Compared to the national average, Providence is one of the more affordable markets with rents. $274 million in total sales have transacted over the past year, with 130 assets traded.

Situated in the southwestern corner of Rhode Island, the Bradford Mill sits approximately 8 miles from Downtown Westerly, a historic New England community and shoreline destination. From the Bradford Boat Launch to the Pawcatuck River and Grills Preserve, this property is surrounded by nature, scenic forests, and waterside views. Conveniently travel to and from the property via hassle-free access to Interstate 95, Routes 1 and Route 78.

The Bradford Mill presents an ideal destination for businesses searching for adaptable industrial space within a historic setting.

Property tours are available by appointment only. Please contact the listing broker to schedule.