$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.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)
Property details
- MLS #
- 1390559
- Property type
- Commercial
- Subdivision
- N/A
- Status
- Active
- Days on market
- 365
- On market date
- N/A
- Stories
- N/A
- Garage spaces
- N/A
- Lot size
- 3.6878 acres
Location
Get directions →Nearby schools
Within 10 miles · public school directory data (NCES)
- Enrollment
- 319
- Student:teacher ratio
- 16.0:1
- District
- Smithfield
- Enrollment
- 800
- Student:teacher ratio
- 17.0:1
- District
- Lincoln
- Enrollment
- 528
- Student:teacher ratio
- 12.3:1
- District
- North Smithfield
Mortgage calculator
Estimate only - actual rate and payment depend on your lender, credit, and loan program.
Adjust tax / insurance estimates
Similar homes you might like
Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated July 22, 2025.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.