0 Baths
83,550 sqft
$5,758,000
250 George Washington Highway, Smithfield RI, 02917
Price per sqft$68.92
Built in2027
Property size83,550 sqft
Property typeCommercial
Overview
Active
Listed Aug 30, 2026
Updated Sep 4
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
Additional information
- MLS® ID
- 1421918
Interior Features
- Bathrooms
- 0
- Basement
- No
Exterior Features
- Lot Size
- 3.69 Acres
Other Property Details
- Taxes
- $8,690
- Tax Frequency
- Annually
Courtesy of Balletto Realty, 401-641-9994
The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide MLS, Inc. Real estate listings held by brokerage firms other than Mott & Chace Sotheby's International Realty are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed.
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Data last updated 5:24 AM UTC, 9/4/2026.
