Login

230 George Washington Highway, Smithfield, RI 02917

Local realty services provided by:CENTURY 21 Signature Properties
230 George Washington Highway,Smithfield, RI 02917
$2,750,000
  • 2 Beds
  • 2 Baths
  • 1,275 sq. ft.
  • Single family
  • Active
Listed by: gary balletto
Office: balletto realty
MLS#:1390560
Source:RI_STATEWIDE

Price summary

  • Price:$2,750,000
  • Price per sq. ft.:$2,156.86

About this home

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. 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. 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

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an independent agent affiliated with the CENTURY 21®  brand 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 independent agent affiliated with the CENTURY 21®  brand 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® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1938
  • Listing ID #:1390560
  • Added:558 day(s) ago
  • Updated:January 25, 2026 at 03:02 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:2
  • Full bathrooms:1
  • Half bathrooms:1
  • Living area:1,275 sq. ft.

Heating and cooling

  • Cooling:Window Units
  • Heating:Hot Water, Oil

Structure and exterior

  • Year built:1938
  • Building area:1,275 sq. ft.
  • Lot area:2.53 Acres

Utilities

  • Water:Connected, Water Available
  • Sewer:Cesspool

Finances and disclosures

  • Price:$2,750,000
  • Price per sq. ft.:$2,156.86
  • Tax amount:$4,628 (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 CENTURY 21 Signature Properties 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: January 25, 2026

New listings near 230 George Washington Highway