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250 George Washington Highway, Smithfield, RI 02917

Smithfield
Local realty services provided by:CENTURY 21 Shutters & Sails
250 George Washington Highway,Smithfield, RI 02917
$5,500,000
  • 3.69 Acres
  • Lots / Land
  • Active
Listed by: gary balletto
Office: balletto realty
MLS#:1390445
Source:RI_STATEWIDE

Price summary

  • Price:$5,500,000

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. 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 Price (Lot 411)

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Home facts

  • Listing ID #:1390445
  • Added:247 day(s) ago
  • Updated:February 22, 2026 at 02:56 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:$5,500,000
  • 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 Shutters & Sails 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: February 22, 2026

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