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$5,500,000

For Sale

8 months ago

MLS® 1390559

0 Bed

0 Bath

83550 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size 83550 sqft
Garage No
HOA Fees 
Taxes $8,690
Days Active 236
Approx. Age 2025
Avg. Price Per Sqft $65
MLS® Number 1390559

Property Address: 250 Washington Hwy, Smithfield, RI, 02917-1924

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

Description

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. 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. 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® Number1390559
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age2025
Stories0
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 21, 2025List Date
$5,500,000List Price
  • Commute

Commute

Starting Address
Destination Address
250 Washington Hwy, Smithfield, RI

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