250 George Washington Highway, Smithfield, RI 02917

Smithfield
Local realty services provided by:ERA Empire Real Estate
250 George Washington Highway,Smithfield, RI 02917
$5,758,000
  • 3.69 Acres
  • Lots / Land
  • Active
Listed by: gary balletto
Office: balletto realty
MLS#:1421921
Source:RI_STATEWIDE

Price summary

  • Price:$5,758,000

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. 250 George Washington Highway Residential Land Value 52 residential units $75,000 per unit = $3,900,000 Retail Land Value 18,000 sq. ft. $45 per sq. ft. = $810,000 gross annual rent Less 15% vacancy = $688,500 effective gross income Less 10% operating expenses = $619,650 NOI Retail land value: 3 years of NOI = $1,858,950 Proposed Land Value/Sale Price $3,900,000 residential value $1,858,950 retail value = $5,758,950

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Listing ID #:1421921
  • Added:1 day(s) ago
  • Updated:August 30, 2026 at 09:00 PM

Structure and exterior

  • Lot area:3.69 Acres
  • Lot Features:Level, Wetlands, Wooded

Utilities

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

Finances and disclosures

  • Price:$5,758,000
  • 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: August 30, 2026

New listings near 250 George Washington Highway