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230 George Washington Highway Smithfield, RI $ 2,750,000
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$ 2,750,000 Get more info
230 George Washington Highway
$ 2,750,000
Back to search
Share Save

230 George Washington Highway

Smithfield, RI, 02917
$ 2,750,000
Bedrooms-- Baths-- Sq 41,775

Monthly Estimate*

$ 16,932

230 George Washington Highway, Smithfield, RI 02917 - Image 1
230 George Washington Highway, Smithfield, RI 02917 - Image 2
230 George Washington Highway, Smithfield, RI 02917 - Image 3
230 George Washington Highway, Smithfield, RI 02917 - Image 4
230 George Washington Highway, Smithfield, RI 02917 - Image 5
230 George Washington Highway, Smithfield, RI 02917 - Image 6
230 George Washington Highway, Smithfield, RI 02917 - Image 7
230 George Washington Highway, Smithfield, RI 02917 - Image 8

Commercial Property for sale in Smithfield, RI

for $2,750,000. This 41,775 square foot building was built in 2025 on a lot size of 2.53.

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)

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Commercial Active

Price

$ 2,750,000

Property Type

Commercial

Taxes

$ 4,628

Style

Lot Size

2.53

Year Built

2025

Town/City

Smithfield

County/Region

Providence

MLS | Web ID

1390565
Features
General
Utilities Cable Available Electricity Available Natural Gas Available Municipal Utilities Phone Available Water Connected Sewer Available Water Available
Zoning PC
Construction Materials Frame Steel
Year Built 2025
Electric Circuit Breakers None
Property Subtype Commercial
Tax Year 2023
Business Type Accounting Arts and Entertainment Administrative and Support Animal Grooming Auto Parts Advertising Barber/Beauty Bakery Clothing Dry Cleaner Gift Shop Health Services Ice Cream/Frozen Yogurt Laundromat Mixed Real Estate Retail
Community Features Highway Access Near Schools Public Transportation Restaurant Street Lights
County Providence
New Construction false
Property Type Commercial Sale
Possible Use Commercial Development Mixed Use Office Other Residential Retail
Status Active
City Smithfield
Number Of Units Total 2
Lot Size Units Square Feet
Lot Size Square Feet 110207
Land Lease Y/N false
Tax Annual Amount 4628
Structure Type Apartment
Standard Status Active
Tax Assessed Value 0
Tax Lot 67
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Interior
Total Stories 0
Total Baths 0
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Exterior
Lot Features Wetlands
Water Source Connected Public
Total Parking 0
Lot Size Area 110207
Number of Buildings 2
Building Area Total 41775
Lot Size Acres 2.53
Road Surface Type Asphalt
Frontage Length 107
Road Frontage Type Private Road
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* Excluded Features
List By
Balletto Realty

Broker

garyballetto@gmail.com

Email

Affordability Calculator

$17,318
Per Month
98%
2%
0%
Monthly Principal & Interest
$16,932
Monthly Property Taxes
$386
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
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Pricing History
DatePricePrice ChangeDescription
7/22/2025$2,750,000 Listed Price

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230 George Washington Highway, Smithfield, RI, 02917 is a Commercial Property for sale at $2,750,000 with 41,775 sqft and a lot size of 2.53. 230 George Washington Highway was built in 2025. The property's zip code is 02917 which is in Smithfield, RI

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