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Listed price in listed location currency (USD).
$2,750,000

224

MLS® 1390560

  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 1275 sqft
Garage No
Taxes $4,628
Days Active 146
Lot Size 2.53 acres
Approx. Age 1938
Avg. Price Per Sqft $2,156
MLS® Number 1390560

Property Address: 230 Washington Hwy, Smithfield, RI, 02917-1823

Average square foot calculated using Size range provided by listing agent.

Description

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)
MLS® Number1390560
Laundry Level
Central VacNo
FireplaceNo
Acreage2.53
Exterior
GarageNo
Approx. Age1938
BasementFull, Unfinished
DrivewayNo Garage
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 22, 2025List Date
$2,750,000List Price
  • Commute

Commute

Starting Address
Destination Address
230 Washington Hwy, Smithfield, RI

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