230 George Washington Highway, Smithfield, RI 02917

Smithfield
Local realty services provided by:ERA Empire Real Estate
230 George Washington Highway,Smithfield, RI 02917
$2,879,000
  • 2 Beds
  • 2 Baths
  • 1,275 sq. ft.
  • Single family
  • Active
Listed by: gary balletto
Office: balletto realty
MLS#:1421919
Source:RI_STATEWIDE

Price summary

  • Price:$2,879,000
  • Price per sq. ft.:$2,258.04

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. 230 George Washington Highway Residential Land Value 26 residential units $75,000 per unit = $1,950,000 Retail Land Value 9,000 sq. ft. $45 per sq. ft. = $405,000 gross annual rent Less 15% vacancy = $344,250 effective gross income Less 10% operating expenses = $309,825 NOI Retail land value: 3 years of NOI = $929,475 Proposed Land Value/Sale...

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Home facts

  • Year built:1938
  • Listing ID #:1421919
  • Added:1 day(s) ago
  • Updated:August 30, 2026 at 09:00 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:2
  • Full bathrooms:1
  • Half bathrooms:1
  • Rooms Total:4
  • Basement:Yes
  • Basement Description:Full, Unfinished
  • 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
  • Architectural Style:Cape Cod
  • Construction Materials:Wood Siding
  • Foundation Description:Concrete Perimeter
  • Levels:2 Story

Utilities

  • Water:Connected, Water Available
  • Sewer:Cesspool

Finances and disclosures

  • Price:$2,879,000
  • Price per sq. ft.:$2,258.04
  • Tax amount:$4,628 (2023)

Features and amenities

  • Amenities:Electric Water Heater

Parking

  • Total parking spaces:4
  • Parking description:No Garage
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: August 30, 2026

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