230 George Washington HWY, Smithfield, RI  |  Commercial:$2,750,000
MLS Number: 1390565 - ACTIVE
Lot Size:2.53 Acres
Year Built:2025
Listed By: Balletto Realty
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.² 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. 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)
Appliances:
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Appliances:
--
Architectural Style:
--
Bathrooms:
--
Beds:
--
Business Type:
Accounting, Administrative and Support, Advertising, Animal Grooming, Arts and Entertainment, Auto Parts, Bakery, Barber/Beauty, Beauty Service, Cabinets, Candy/Cookie, Carpet/Tile, Clothing, Commercial, Dry Cleaner, Electronics, Fashion/Specialty, Fitness, Florist/Nursery, Franchise, Furniture, Gift Shop, Health Food, Health Services, Ice Cream/Frozen Yogurt, Jewelry, Laundromat, Mixed, Office, Outlet Center, Paints, Pet Store, Printing, Real Estate, Rental, Residential, Retail, Street Retail
Community Features:
Bus, Commuter Bus, Highway Access, Private School, Restaurants, Schools
Construction Materials:
Frame, Steel
Cooling:
--
Door Features:
--
Electric:
Circuit Breakers, None
Existing Lease Type:
--
Finished Floor:
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Fireplace Type:
--
Fireplaces:
None
Garage Spaces:
--
Handicap Accessible:
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Has View:
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Has Waterfront:
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Heating:
--
Levels:
--
Living Area:
--
Lot:
Rural
Lot Frontage:
107
Neighborhood:
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Other Structures:
--
Owner Pays:
--
Parking Features:
--
Pool:
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Property Sub Type:
Apartment,Commercial,Mixed Use,Office
PropertySubType:
Apartment,Commercial,Mixed Use,Office
PropertyType:
Commercial/Business
Rooms:
--
Sewer:
Available
Structure Type:
Apartment, Residence
Tenant Pays:
--
Under Construction:
No
View:
--
Waterfront Features:
--
Zip Code:
02917
57 Narragansett Avenue, Jamestown, RI 02835
401-423-2329  |  deb.foppert@gmail.com
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