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250 George Washington Highway, Smithfield, RI 02917

Smithfield
Local realty services provided by:CENTURY 21 Guardian Real Estate Services
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

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Home facts

  • Listing ID #:1421921
  • Added:51 day(s) ago
  • Updated:October 21, 2026 at 02:03 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 CENTURY 21 Guardian Real Estate Services 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: October 21, 2026 RI_STATEWIDE Member Broker: Peter C Spinella

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