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About This Home
This 0-bedroom, 0-bathroom commercial at 250 George Washington Highway in Smithfield, RI is listed for $5,500,000. Built in 2025, on a 3.69 acres lot.
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)
Key Features
- Built in 2025
- 3.69 acre lot
Property Details
Monthly Cost Estimate
$29,415/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
250 George Washington Highway
Smithfield, RI 02917
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 250 George Washington Highway is listed at $5,500,000. The estimated monthly payment is $23,833 based on 20% down at 6.5% interest.
Key features include: Built in 2025, 3.69 acre lot.
This property is listed by Gary Balletto and can be reached at (401) 432-7444 or garyballetto@gmail.com.