Address
230 George Washington Highway, Smithfield, RI
Price
$ 2,879,000
Property Attributes
- MLS#1421919
- TypeSingle Family
- Listing Status Active
- CountyProvidence
- CitySmithfield
- Zip02917
- Style
- Year Built1938
- Taxes$ 4628
- Price$ 2,879,000
- Bedrooms2
- Full Bathrooms1
- Half Bathrooms1
- Sqr Footage1275
- Lot Size2.53 Acres
Data Source:
Rhode Island Statewide MLS (RIAR)
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
| Price History | |
|---|---|
| 8/30/2026 | Listed $2,879,000 |
General Features
| Sewer | Cesspool |
|---|---|
| Heating | Hot Water,Oil |
| Cooling | Window Unit(s) |
| Utilities | Water Available |
| Possession | Negotiable |
| Zoning | PC |
| Construction Materials | Wood Siding |
| Year Built | 1938 |
| Electric | 100 Amp Service |
| Stories Count | 2 |
| Levels | Two |
| Property Subtype | Single Family Residence |
| Tax Year | 2023 |
| Community Features | Highway Access,Near Schools,Public Transportation,Restaurant |
| County | Providence |
| New Construction | false |
| Property Type | Residential |
| Garage Y/N | false |
| Total Rooms | 4 |
| Full Baths | 1 |
| Status | Active |
| City | Smithfield |
| Senior Community Y/N | false |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 110207 |
| Land Lease Y/N | false |
| Tax Annual Amount | 4628 |
| Standard Status | Active |
| Tax Lot | 67 |
| Property Sub Type Additional | Single Family Residence |
Interior Features
| Basement | Full,Unfinished |
|---|---|
| Flooring | Other |
| Fireplace Features | None |
| Total Stories | 2 |
| Basement (Y/N) | true |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Fireplace Y/N | false |
| Half Baths | 1 |
| Total Bedrooms | 2 |
| LivingAreaSource | Public Records |
| Total Baths | 2 |
Exterior Features
| Parking Features | No Garage |
|---|---|
| Water Source | Connected |
| Total Parking | 4 |
| Lot Size Area | 110207 |
| Foundation Details | Concrete Perimeter |
| Building Area Total | 1275 |
| Lot Size Acres | 2.53 |
| Frontage Length | 107 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 02917
Price
Taxes
Year Built
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