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    250 George Washington Hwy Smithfield, RI 02917

    For Sale
    $5,500,000

    Unimproved Land - Smithfield, RI

    Type:Unimproved Land
    Lot size:
    3.69 Acres
    Days on Market:
    128
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 250 George Washington Hwy

    General Information

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

    Building Details

    Architectural style
    Other

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

    Listing agent Gary Balletto (401) 432-7444

    Listing date Jul 31, 2025

    MLS# 1390445 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 Development Opportunity

    This 3.6878-acre property presents an opportunity for investors and developers in Smithfield, Rhode Island. The site has master plan approval for 42 residential units and 18,000 square feet of retail space. Situated at the corner of George Washington Highway and Douglas Pike, the location offers high traffic visibility and proximity to 146 and 295. Zoned Planned Corporate, the property allows for various potential uses. There is also an opportunity for a combined purchase with the abutting property at 230 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
    -71.521858
    Latitude
    41.917573

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    FAQs

    What type of property is this?
    Commercial land - Land with master plan approval for residential and retail development.
    Where is this commercial land located?
    The property is located at 250 George Washington Hwy Smithfield, RI.
    What is the asking price?
    The asking price for this property is $5,500,000.
    What are key features of this property?
    This property features: - Master plan approval for 42 residential units and 18,000 ft.² retail; - Pad ready for development; - Prime location on the corner of George Washington Highway and Douglas Pike with high traffic visibility
    (401) 432-7444
    Request Owner's contact information
    250 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
    250 George Washington Hwy Smithfield, RI 02917
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