250 George Washington Hwy Smithfield, RI 02917

Property Details for 250 George Washington Hwy

Lot size

3.69 lot acres

Property size

83,550 SF

Property type

Commercial real estate

Description

This exceptional 3.69-acre commercial property at 250 George Washington Highway in Smithfield, RI, presents a unique investment and development opportunity. Boasting 83,550 square feet of land, the property is ideally situated on a high-traffic corner lot at the intersection of George Washington Highway and Douglas Pike, providing excellent visibility and accessibility. The site is conveniently located near major roadways, including Routes 146 and 295, ensuring easy access for residents and businesses. Currently zoned Planned Corporate, this property offers considerable flexibility for various uses. Importantly, it comes with master plan approval for the construction of 42 residential units and 18,000 square feet of retail space, making it a "pad-ready" site for immediate development. This represents a significant advantage, streamlining the development process and minimizing potential delays. The property's strategic location and approved plans make it an attractive proposition for developers seeking to capitalize on the burgeoning growth in this area of Rhode Island. An added benefit is the possibility of a combined purchase with the abutting property at 230 George Washington Highway, potentially expanding the total acreage to over six acres, offering even greater development potential. This presents a rare chance to acquire a substantial parcel of land in a prime location, ready for immediate development. The asking price for this exceptional property is $5,250,000. Further details are available upon request.

Location Insight

City

Smithfield

County

Providence

State

Rhode Island

Longitude

-71.5219

Latitude

41.9175