230 George Washington Highway, Smithfield, RI 02917

Smithfield
Local realty services provided by:ERA Empire Real Estate
230 George Washington Highway,Smithfield, RI 02917
$2,750,000
  • 2.53 Acres
  • Lots / Land
  • Active
Listed by: gary balletto
Office: balletto realty
MLS#:1390554
Source:RI_STATEWIDE

Price summary

  • Price:$2,750,000

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

  • Listing ID #:1390554
  • Added:662 day(s) ago
  • Updated:May 14, 2026 at 02:00 PM

Structure and exterior

  • Lot area:2.53 Acres
  • Lot Features:Level, Wetlands, Wooded

Utilities

  • Water:Connected, Public, Water Available, Water Connected

Finances and disclosures

  • Price:$2,750,000
  • 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 Empire Real Estate 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 2026 State-Wide MLS, Inc. All rights reserved. Date Last Update: May 14, 2026

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