Victory Hwy North Smithfield, RI 02896
- Land
- 7.50 lot acres
Current Use by Public Records
- Land
Property Details for 0 Victory Hwy
- Lot size
- 7.50 lot acres
- Property type
- Land
Description
This exceptional 7.5-acre commercial land parcel in North Smithfield, Rhode Island, presents a unique development opportunity. Located on Victory Highway, this property boasts a prime location adjacent to Slatersville Plaza, a thriving regional retail center. The site benefits from excellent visibility and convenient access, shadow-anchored by a Walgreens and surrounded by established businesses including Brigido's, North Smithfield Liquor Warehouse, Bank of America, Dunkin', and Coffee & Cream. Zoned Residential - Suburban (RS), the land is approved for the development of up to 120 age-restricted units, catering to a growing demographic. This presents a significant opportunity for developers seeking to capitalize on the high demand for senior housing in this area. The property's proximity to town water and sewer infrastructure simplifies the development process, minimizing infrastructure costs and expediting project timelines. Flexible delivery terms are available, offering developers considerable flexibility in their project planning and execution. This is a rare chance to acquire a sizable, strategically located parcel with pre-approved zoning for a high-demand development type in a thriving retail corridor. The site's location and zoning make it an ideal investment for developers seeking a high-return project with minimal development hurdles. Don't miss this exceptional opportunity to build a successful age-restricted community in a prime Rhode Island location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- North Smithfield
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.5785
- Latitude
- 42.0063
