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Lot/land
  • $5,500,000

    250 George Washington Hwy, Smithfield, RI 02917

    --beds
    0baths
    3.69Acres
    Unimproved Land
    Built in ----
    3.69 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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.² 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.² retail @ $45 per ft.² = $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)
    20 days
    on Zillow
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    116
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    3
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    Zillow last checked: 7 hours ago

    Listing updated: July 31, 2025 at 09:33pm

    Listed by:

    Gary Balletto 401-641-9994,

    Balletto Realty

    Source: StateWide MLS RI,MLS#: 1390445MLS Logo
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0

    Property

    Lot
    • Size: 3.69 Acres
    • Features: Rural, Suburban
    • Topography: Level,Wetlands,Wooded
    Details
    • Zoning: PC
    • Zoning description: Condominium,Multi-Family,Residential
    • Wooded area: 100

    Utilities & green energy

    • Water: Municipal, Public
    • Utilities for property: Cable Connected, Electricity Connected, Gas, Natural Gas Available, Municipal Water, Sanitary Sewers, Street Lights, Phone Connected, Electricity Available, Muncipal Water, Sewer Available, Water Available

    Community & HOA

    Community
    • Features: Near Public Transport, Highway Access, Hospital, Interstate, Private School, Public School, Near Shopping
    HOA
    • Has HOA: No
    Location
    • Region: Smithfield

    Financial & listing details

    • Annual tax amount: $8,690
    • Date on market: 7/22/2025
    • Electric utility on property: Yes
    • Road surface type: Asphalt
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