230 George Washington Highway, Smithfield, RI, 02917
2025
Attention investors/developers: Buy this single-family home now and develop the property later. Be part of Rhode Island's next hottest area for development!! Pad-ready with Master plan approval for 21 residential units and 9000 ft. retail. Prime location, high traffic visibility, next to corner lot of 250 George Washington Highway and Douglas Pike - close to 146 and 295. Zoned Planned Corporate and being part of the Overlay District there are many uses possible. Currently on site exists a single-family home. Opportunity for a combined purchase w/abutting property 250 George Washington Highway, totaling 6+ acres. Call for details. SITE 2 (Lot 411) 250 George Washington Highway $2,982,000 Resident 42 units @ 71K per door $2,518,764 Retail - 21,950 ft. retail @ $45 per ft. = $987,750 - 15% vacancy = $839,588 AOI $2,518,763 Land Cost (3 years of income) $4,179,940 Replacement Cost (5 years income) $1,679,176 Developers Profit (2 years income) $5,500,764 Land Value/Sale Price (Lot 411)
Status:
Active
Type:
Commercial
Units:
2
Zoning:
PC
Frontage:
107
Acreage:
2.53
Est. Taxes:
$4,628
Permitted Use
Commercial,Development,Mixed Use,Office,Other,Residential,Retail
Construction
Frame,Steel
Utilities
Cable Available,Electricity Available,Natural Gas Available,Municipal Utilities,Phone Available,Water Connected,Sewer Available,Water Available
Lot Description:
Wetlands
Amenities:
Highway Access, Near Schools, Public Transportation, Restaurant, Street Lights
Days on Market:
10
MLS #:
1390565
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Balletto Realty 401-432-7444