Attention investors/developers: Buy this single-family home now and develop the property later. Be part of Rhode Island's next hottest area for development!! Pad-ready with Master plan approval for 21 residential units and 9000 ft. Retail. Prime location, high traffic visibility, next to corner lot of 250 George Washington Highway and Douglas Pike - close to 146 and 295. Zoned Planned Corporate and being part of the Overlay District there are many uses possible. Currently on site exists a single-family home. Opportunity for a combined purchase w/abutting property 250 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. Retail @ $45 per ft. = $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)