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Property profile & analytics
OFF-MARKET
Amusement parks

230 George Washington Hwy Smithfield, RI 02917

Built 2025
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Amusement parks
Year built 2025
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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