Development Opportunity: Mixed-Use
For Sale
Contact for pricing
250 George Washington Highway, Smithfield, RI 02917
Pad-ready site with master plan approval for residential and retail.
Property Size83,550 SF
Price / SF$65.83
Days on Market749
Property Features for 250 George Washington Highway
General Information
Standard status
Active
Size
83,550 SF
Property subtype
Office, Mixed Use, Multifamily, Land, Retail, Special Purpose
Building Details
Year Built
2025
Buildings
1
Units
2
Listing Agency:
Balletto Realty
(401) 432-7444
Listed By:
Gary Balletto · License #REB.0017234
Source:
Crexi
Added: Jul 21, 2024
Changed: Aug 7
Last Checked: Aug 7 at 5:02AM
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
Investment Insights
Based on property information with market context.
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 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 146 and 295. Zoned Planned Corporate, the site allows for various potential uses. The property spans 83,550 square feet. There is a potential opportunity for a combined purchase with the abutting property at 230 George Washington Highway, totaling over 6 acres. The master plan includes 42 residential units and 21,950 square feet of retail space.
Key Highlights
- Master plan approval for 42 residential units and 18,000 ft.² retail
- Pad ready for development
- Prime location with high traffic visibility** on the corner of George Washington Highway and Douglas Pike
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
98
Businesses Nearby
Explore this area
Business Placement
Demographics for 02917, RI
14,738
Population
5,119
Households
2.9
Avg Household Size
38
Median Age
38%
College-Educated
92%
High-School Grad
21.4 sq mi
ZIP Area
689
Density / Sq Mi
$106,772
Median Household Income
$44,229
Median Earnings
$988
Median Rent
$416,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Pad-ready site with master plan approval for residential and retail.
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 ft.² retail**; Pad ready for development; Prime location with high traffic visibility** on the corner of George Washington Highway and Douglas Pike
