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    250 George Washington Hwy Smithfield, RI 02917

    Sponsored
    For Sale
    $5,250,000

    Prime RI location, 160K+ sq ft, development ready.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 160,639 square foot mixed-use property at 250 George Washington Highway, Smithfield, RI 02917 presents a remarkable investment opportunity. Located at a high-traffic corner, this site boasts prime visibility on George Washington Highway and Douglas Pike, with convenient access to Routes 146 and 295. The property includes one building constructed in 2025 and features two units. Already approved for development, the master plan allows for the construction of 42 residential units and 18,000 square feet of retail space. Zoned Planned Corporate, this land offers a multitude of potential uses, from traditional office and storefront spaces to restaurants, QSR/fast food establishments, executive offices, and even residential units. The property's versatility is further enhanced by its potential for combined purchase with the abutting property at 230 George Washington Highway, expanding the total acreage to over six acres. This is an unparalleled chance to capitalize on Rhode Island's burgeoning development scene in a highly desirable location. The asking price is $5,250,000. Contact us for detailed information and to explore the possibilities.

    Property Features for 250 George Washington Hwy

    General Information

    Property type
    Restaurants

    Building Details

    Year Built
    2025
    Buildings
    1
    Units
    2

    HighLights

    • $5,250,000 asking price.
    • Mixed‑use land totaling 160,639 square feet.
    • Located at 250 George Washington Highway, Smithfield, RI 02917.
    • Master plan approved for 42 residential units and 18,000 square feet of retail space.
    • High‑traffic corner lot at George Washington Highway and Douglas Pike, near Routes 146 and 295.
    • Zoned Planned Corporate, allowing for diverse uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -71.5197961
    Latitude
    41.9179722

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    FAQs

    What type of property is this?
    Restaurant - Prime RI location, 160K+ sq ft, development ready.
    Where is this restaurant located?
    The property is located at 250 George Washington Hwy Smithfield, RI.
    What is the asking price?
    The asking price for this property is $5,250,000.
    What are key features of this property?
    This property features: $5,250,000 asking price.; Mixed-use land totaling 160,639 square feet.; Located at 250 George Washington Highway, Smithfield, RI 02917.
    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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