250 George Washington Highway, Smithfield, Rhode Island 02917
Listed By Balletto Realty
The Retail Property for Sale located at Smithfield, Rhode Island 02917 is currently for sale. Smithfield, Rhode Island 02917 is listed for $5,500,000. If the property located at Smithfield, Rhode Island 02917 isn't what you're looking for, visit https://www.rilivingglobal.com to see other Retail Properties for Sale in Smithfield .
Date Updated : Jul 22, 2025
MLS#: 1390559
$5,500,000 USD
- Minimum sellable space
7,762 m² (83,550 ft²)
Property features
Construction details
- Year built: 2025
Area
- Property size:
7,762 m² (83,550 ft²) - Land/Lot size:
14,924 m² (160,639 ft²)
Description
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.² 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.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)
Location
All real estate advertised herein is subject to the Federal Fair Housing Act, which makes it illegal to advertise "any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or intention to make any such preference, limitation, or discrimination." We will not knowingly accept any advertising for real estate which is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.