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Bryant Da Cruz

bryant@thelegacygroup.net +1(401) 216-4777

$ 2,879,000

Est. payment -/mo

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230 George Washington HWY Smithfield, RI 02917

41,775 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 41,775 sqft

Price per Sqft $68

MLS Listing ID 1421917

HOA Y/N No

Abv Grd Liv Area 41,775

Year Built 2025

Annual Tax Amount $4,628

Tax Year 2023

Lot Size 2.530 Acres

Acres 2.53

Property Sub-Type Commercial

Property Description

Attention investors/developers: Buy this single-family home now and develop the property later. Be part of Rhode Island's next hottest area for development!! Pad-ready with Master plan approval for 21 residential units and 9000 ft. retail. Prime location, high traffic visibility, next to corner lot of 250 George Washington Highway and Douglas Pike - close to 146 and 295. Zoned Planned Corporate and being part of the Overlay District there are many uses possible. Currently on site exists a single-family home. Opportunity for a combined purchase w/abutting property 250 George Washington Highway, totaling 6+ acres. Call for details. 230 George Washington Highway Residential Land Value 26 residential units $75,000 per unit = $1,950,000 Retail Land Value 9,000 sq. ft. $45 per sq. ft. = $405,000 gross annual rent Less 15% vacancy = $344,250 effective gross income Less 10% operating expenses = $309,825 NOI Retail land value: 3 years of NOI = $929,475 Proposed Land Value/Sale Price $1,950,000 residential value $929,475 retail value = $2,879,475

Location

State RI

County Providence

Zoning PC

Exterior

Community Features Highway Access, Near Schools, Public Transportation, Restaurant, Street Lights

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Municipal Utilities, Phone Available, Water Connected, Sewer Available, Water Available

Street Surface Asphalt

Building

Lot Description Wetlands

Water Connected, Public

Structure Type Frame,Steel

New Construction No

Others

Tax ID 230GEORGEWASHINGTONHWYSMTH

Listed by Balletto Realty

Bryant Da Cruz

Broker Associate License ID: REB.0019171

+1(401) 216-4777

Bryant Da Cruz

230 George Washington HWY Smithfield, RI 02917

Key Details

Location

Exterior

Building

Others

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230 George Washington HWY