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Commercial at 250 George Washington Highway, Smithfield
Commercial at 250 George Washington Highway, Smithfield, photo 2 of 8
Commercial at 250 George Washington Highway, Smithfield, photo 3 of 8
Commercial at 250 George Washington Highway, Smithfield, photo 4 of 8
Commercial at 250 George Washington Highway, Smithfield, photo 5 of 8
Commercial at 250 George Washington Highway, Smithfield, photo 6 of 8
Commercial at 250 George Washington Highway, Smithfield, photo 7 of 8
Commercial at 250 George Washington Highway, Smithfield, photo 8 of 8
8 photos

$5,758,000

250 George Washington Highway
Smithfield, RI 02917
Listed by Gary Balletto
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
2027

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. 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

Property details

MLS #
1421918
Property type
Commercial
Subdivision
N/A
Status
Active
Days on market
10
On market date
August 23, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
3.6878 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Raymond LaPerche School
1.52 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
319
Student:teacher ratio
16.0:1
District
Smithfield
Middle
Lincoln Middle School
2.54 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
800
Student:teacher ratio
17.0:1
District
Lincoln
High
North Smitfield HS
2.77 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
528
Student:teacher ratio
12.3:1
District
North Smithfield

Walkability

Blended score for Smithfield's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

62
Walkable
out of 100
EPA National Walkability Index
12.7 / 20 -- Above average walkable
Nearby-amenity density
60 / 100
Restaurants & cafes16
Grocery stores0
Parks1
Schools5
Transit stops12
Pharmacies0

Market position

How this listing compares to current activity in Smithfield, from live MLS data.

On the market 10 days -- 39 fewer days than Smithfield's current average of 49 days.
For reference, the median list price across 127 active listings in Smithfield right now is $529,900.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$34,825/mo
$1,151,600 down
$4,606,400 loan
Principal & interest$29,877
Property tax (est.)$4,798
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 22 days ago.

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.