250 George Washington Hwy Smithfield, RI 02917
This exceptional 160,639 square foot mixed-use property at 250 George Washington Highway, Smithfield, RI 02917 presents a remarkable investment opportunity. Located at a high-traffic corner, this site boasts prime visibility on George Washington Highway and Douglas Pike, with convenient access to Routes 146 and 295. The property includes one building constructed in 2025 and features two units. Already approved for development, the master plan allows for the construction of 42 residential units and 18,000 square feet of retail space. Zoned Planned Corporate, this land offers a multitude of potential uses, from traditional office and storefront spaces to restaurants, QSR/fast food establishments, executive offices, and even residential units. The property's versatility is further enhanced by its potential for combined purchase with the abutting property at 230 George Washington Highway, expanding the total acreage to over six acres. This is an unparalleled chance to capitalize on Rhode Island's burgeoning development scene in a highly desirable location. The asking price is $5,250,000. Contact us for detailed information and to explore the possibilities.
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.