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    230 George Washington Hwy Smithfield, RI 02917

    For Sale
    $2,750,000

    COMMERCIAL - Smithfield, RI

    Type:Apartment
    Lot size:
    2.53 Acres
    Days on Market:
    135
    Last Refresh:
    Dec 13 at 12:06 pm

    Property Features for 230 George Washington Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Apartment
    Standard status
    Active
    Zoning
    PC
    Lot size
    2.53 Acres

    Building Details

    Year built
    2025
    Number of units
    2
    Building materials
    Frame, Steel

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

    Listing agent Gary Balletto (401) 641-9994

    Listing date Aug 1, 2025

    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 Commercial Land For Sale

    This 2.53-acre commercial land is located in Smithfield, Rhode Island. The property is zoned PC (Planned Corporate) and is part of the Overlay District, allowing for various potential uses. It offers high traffic visibility and is situated next to the corner lot of 250 George Washington Highway and Douglas Pike, with proximity to 146 and 295. The site has master plan approval for 21 residential units and 9,000 square feet of retail space. Currently, a single-family home exists on the property. There is an 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 acre commercial land with development potential in Smithfield, RI.
    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 of retail space.**; - **Prime location with high traffic visibility**, close to highways 146 and 295.; - Zoned Planned Corporate and part of the Overlay District, allowing for many potential uses.
    (401) 641-9994
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    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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