230 George Washington Highway, Smithfield, RI 02917

Local realty services provided by:ERA Key Realty Services
230 George Washington Highway,Smithfield, RI 02917
$2,750,000
  • 2 Beds
  • 2 Baths
  • 1,275 sq. ft.
  • Single family
  • Active
Listed by:gary balletto
Office:balletto realty
MLS#:1390560
Source:RI_STATEWIDE

Price summary

  • Price:$2,750,000
  • Price per sq. ft.:$2,156.86

About this home

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

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Home facts

  • Year built:1938
  • Listing ID #:1390560
  • Added:431 day(s) ago
  • Updated:September 02, 2025 at 01:55 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:2
  • Full bathrooms:1
  • Half bathrooms:1
  • Living area:1,275 sq. ft.

Heating and cooling

  • Cooling:Window Units
  • Heating:Hot Water, Oil

Structure and exterior

  • Year built:1938
  • Building area:1,275 sq. ft.
  • Lot area:2.53 Acres

Utilities

  • Water:Connected, Water Available
  • Sewer:Cesspool

Finances and disclosures

  • Price:$2,750,000
  • Price per sq. ft.:$2,156.86
  • Tax amount:$4,628 (2023)
MLS LogoThe data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than ERA Key Realty Services are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved. Date Last Update: September 2, 2025

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