Property profile

0 George Washington Hwy Smithfield, RI 02917

OFF-MARKET
Land
3.96 ac lot
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Property summary

AI-generated overview

This exceptional 3.96-acre commercial land parcel presents a unique investment opportunity in Smithfield, Rhode Island. Located at 0 George Washington Highway, this single-tenant site boasts 554 feet of frontage on Route 116 and an additional 336 feet of frontage on Route 7, ensuring unparalleled visibility and accessibility. The property's flat terrain simplifies development, while its strategic location offers significant advantages. The site enjoys a shadow-anchored position near established businesses such as Tavolo Wine Bar & Tuscan Grille, Condesa Restaurant, Dunkin', 7-Eleven, and Citgo, creating a vibrant and attractive commercial environment. Its proximity to Navigant Bank further enhances its appeal. The high-traffic intersection sees an average daily traffic count of 24,281 vehicles, guaranteeing substantial exposure for any future development. This property in Providence County, zip code 02917, is ideally suited for a variety of commercial uses, offering significant potential for growth and return on investment. The lot's size and location make it an exceptional opportunity for developers seeking a high-impact commercial presence in a thriving Rhode Island community. This is a rare chance to acquire a strategically positioned parcel in a high-traffic area with strong existing commercial presence.

Property profile

Verified
Property type Land
Lot 3.96 ac (172,498 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

George Washington Hwy Smithfield, RI 02917
Smithfield metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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