250 George Washington HWY, Smithfield, RI 02917
250 George Washington HWY, Smithfield, RI 02917
250 George Washington HWY, Smithfield, RI 02917
250 George Washington HWY, Smithfield, RI 02917
250 George Washington HWY, Smithfield, RI 02917
250 George Washington HWY, Smithfield, RI 02917
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Fida Salameh

Fida Salameh

+1(401) 545-1158
$ 5,758,000
Est. payment | /mo

3.69 Acres Lot

Save
$ 5,758,000
Est. payment | /mo
Save

3.69 Acres Lot

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1421921

HOA Y/N No

Annual Tax Amount $8,690

Tax Year 2023

Lot Size 3.688 Acres

Acres 3.6878

Property 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. 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

Location

State RI

County Providence

Zoning PC

Exterior

Community Features Highway Access, Near Hospital, Near Schools, Public Transportation, Shopping, High Traffic Location, Street Lights

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Municipal Utilities, Phone Available, Water Available, Water Connected

Topography Level

Street Surface Asphalt

Building

Lot Description Level, Wooded, Wetlands

Sewer Sanitary

Water Connected, Public

Others

Tax ID 250GEORGEWASHINGTONHWYSMTH

© 2026 State-Wide Multiple Listing Service. All rights reserved.
Listed by Balletto Realty
Fida Salameh

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(401) 545-1158

salamehfida25@gmail.com

70 Fieldside Drive, Woonsocket , Rhode Island 02895, USA

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250 George Washington HWY