230 George Washington Hwy Smithfield, RI 02917
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.