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)
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
- 20 days
- on Zillow |
- 116 |
- 3 |
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#: 1390445

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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