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    230 George Washington Hwy Smithfield, RI 02917

    For Sale
    $2,750,000

    Unimproved Land - Smithfield, RI

    Type:Unimproved Land
    Lot size:
    2.53 Acres
    Days on Market:
    140
    Last Refresh:
    Dec 7 at 12:06 am

    Property Features for 230 George Washington Hwy

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    Zoning
    Condominium,Multi-Family,Residential
    Exterior features
    Rural
    Lot size
    2.53 Acres

    Building Details

    Architectural style
    Other

    BALLETTO REALTY (401) 432-7444 [email protected]

    Listing agent Gary Balletto (401) 432-7444

    Listing date Jul 21, 2025

    MLS# 1390554 Listing URL

    Copyright © 2025 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Smithfield Land with Development Potential

    This 2.53-acre property in Smithfield, RI, presents an opportunity for investors and developers. The site has master plan approval for 21 residential units and 9,000 square feet of retail space. Currently, a single-family home is located on the property. The zoning is Planned Corporate, and as part of the Overlay District, the property allows for many uses. The location offers high traffic visibility, next to the corner lot of 250 George Washington Highway and Douglas Pike, and is close to 146 and 295. There is a potential opportunity for a combined purchase with the abutting property at 250 George Washington Highway, totaling over 6 acres.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Building Supply Wholesale Shop Auto Repair Shop Dental Office Gym & Fitness Hotel & Motel Department Store Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Smithfield
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.522897
    Latitude
    41.917181

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    FAQs

    What type of property is this?
    Commercial land - 2.53 acres of land with master plan approval.
    Where is this commercial land located?
    The property is located at 230 George Washington Hwy Smithfield, RI.
    What is the asking price?
    The asking price for this property is $2,750,000.
    What are key features of this property?
    This property features: - Master plan approval for **21 residential units and 9000 sq ft retail space.**; - **Pad-ready site** in Rhode Island's next hottest development area.; - Prime location with **high traffic visibility**, close to highways 146 and 295.
    (401) 432-7444
    Request Owner's contact information
    230 George Washington Hwy Smithfield, RI 02917
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    Smithfield, RI 02917
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    230 George Washington Hwy Smithfield, RI 02917
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