Development Opportunity in Smithfield, RI

250 George Washington Highway, Smithfield, RI 02917

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For Sale

$5,500,000

Pad ready site with master plan approval for mixed-use development.

Type:Commercial

HighLights

Master plan approval for 42 residential units and 18,000 sq ft retail
Pad ready for immediate development
Prime location on the corner of George Washington Highway and Douglas Pike
High traffic visibility
Close proximity to highways 146 and 295
Opportunity for combined purchase with abutting property (230 George Washington Highway) for 6+ acres

We can help!

Listing Contact

Gary Balletto

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For Sale

$5,500,000

Pad ready site with master plan approval for mixed-use development.

Type:Commercial

Added:: Jul 21, 2024
Days on Market:: 693
Last Refresh:: Apr 25 at 6:33 am

Property Features for 250 George Washington Highway

General Information

Standard status: Active
Property subtype: Commercial

Building Details

Year Built: 2025

We can help!

Listing Contact

Gary Balletto

Listing agent Gary Balletto License #REB.0017234

Listing office Balletto Realty

Listing date Jul 21, 2024

Source Liongatere

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Balletto Realty

HighLights

Master plan approval for 42 residential units and 18,000 sq ft retail
Pad ready for immediate development
Prime location on the corner of George Washington Highway and Douglas Pike
High traffic visibility
Close proximity to highways 146 and 295
Opportunity for combined purchase with abutting property (230 George Washington Highway) for 6+ acres

Overview

This property presents an opportunity for investors and developers in a developing area of Rhode Island. The pad-ready site has master plan approval for a mixed-use development consisting of 42 residential units and 18,000 square feet of retail space. Situated in a prime location with high traffic visibility, the property is located on the corner of George Washington Highway and Douglas Pike, with proximity to routes 146 and 295. Zoned Planned Corporate, the site allows for various potential uses. There is also an opportunity for a combined purchase with the abutting property at 230 George Washington Highway, creating a total of over 6 acres.

Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Location Insight

Map
Local Demand

City: Smithfield
County: Providence
State: Rhode Island
Longitude: -71.5234304
Latitude: 41.9166776

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For sale
Commercial land
RI
Smithfield
02917
250 George Washington Highway

What type of property is this?

Commercial land - Pad ready site with master plan approval for mixed-use development.

Where is this commercial land located?

The property is located at 250 George Washington Highway 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 sq ft retail**; **Pad ready** for immediate development; Prime location on the corner of George Washington Highway and Douglas Pike