250 George Washington Highway, Smithfield, RI 02917

Local realty services provided by:ERA Empire Real Estate
250 George Washington Highway,Smithfield, RI 02917
$5,500,000
  • 3.69 Acres
  • Lots / Land
  • Active
Listed by: gary balletto
Office: balletto realty
MLS#:1390445
Source:RI_STATEWIDE

Price summary

  • Price:$5,500,000

About this home

Attention investors/developers: Be part of Rhode Island's next hottest area for development!! Pad ready - with Master plan approval for 42 residential units and 18,000 ft. retail. Prime location, high traffic visibility, on the corner of George Washington Highway and Douglas Pike - close to 146 and 295. Zoned Planned Corporate, there are many uses possible. Opportunity for a combined purchase w/abutting property 230 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)

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Home facts

  • Listing ID #:1390445
  • Added:215 day(s) ago
  • Updated:February 22, 2026 at 02:56 PM

Structure and exterior

  • Lot area:3.69 Acres

Utilities

  • Water:Connected, Municipal Utilities, Public, Water Available, Water Connected
  • Sewer:Sanitary

Finances and disclosures

  • Price:$5,500,000
  • Tax amount:$8,690 (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: February 22, 2026

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