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    230 George Washington Hwy Smithfield, RI 02917

    Sponsored
    For Sale
    $2,750,000

    Prime RI location, 2 buildings, high potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 110,207 square foot mixed-use property in Smithfield, Rhode Island, presents a remarkable investment opportunity. Located at 230 George Washington Highway, this site boasts a prime location with high traffic visibility, situated near the intersection of George Washington Highway and Douglas Pike, providing easy access to Routes 146 and 295. The property currently features two buildings, including a single-family home, and sits on a substantial lot. Already approved for development, the master plan allows for the construction of 21 residential units and 9,000 square feet of retail space, making it ideal for developers seeking a pad-ready site. The property is zoned Planned Corporate and falls within an Overlay District, offering a wide range of potential uses. This presents a unique chance to capitalize on Rhode Island's burgeoning development scene. The property is offered at $2,750,000. There's also the possibility of a combined purchase with the abutting property at 250 George Washington Highway, expanding the total acreage to over six acres. Built in 2025, this property offers a blend of existing structures and significant future development potential. Contact us to explore this exciting opportunity further.

    Property Features for 230 George Washington Hwy

    General Information

    Property type
    Amusement parks

    Building Details

    Year Built
    2025
    Buildings
    2
    Units
    2

    HighLights

    • $2,750,000 asking price.
    • 110,207 square foot lot.
    • Two buildings on a 2‑unit property, built in 2025.
    • Located at 230 George Washington Highway, Smithfield, RI 02917.
    • Master plan approval for 21 residential units and 9,000 square feet of retail space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Amusement parks

    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
    -71.5231003
    Latitude
    41.9168967

    Nearby Comparable

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      Smithfield Commercial Land For Sale

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      Smithfield Mixed-Use Investment

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    Nearby Similar for Sale

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      Industrial Flex Building on 9.47 Acres

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      Modern Office Building For Sale

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    FAQs

    What type of property is this?
    Amusement park - Prime RI location, 2 buildings, high potential.
    Where is this amusement park 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: $2,750,000 asking price.; 110,207 square foot lot.; Two buildings on a 2-unit property, built in 2025.
    Request Owner's contact information
    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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