230 George Washington HWY, Smithfield, RI 02917

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Kathleen Sposato

soldwithsposato@gmail.com +1(508) 523-8632

$2,750,000

Est. payment - /mo

2 Beds

2 Baths

1,275 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,275 sqft

Price per Sqft $2,156

MLS Listing ID 1390560

Style Bungalow

Bedrooms 2

Full Baths 1

Half Baths 1

HOA Y/N No

Abv Grd Liv Area 1,275

Year Built 1938

Annual Tax Amount $4,628

Tax Year 2023

Lot Size 2.530 Acres

Acres 2.53

Property Sub-Type Single Family Residence

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. SITE 2 (Lot 411) 250 George Washington Highway $2,982,000 Resident 42 units @ 71K per door $2,518,764 Retail - 21,950 ft. retail @ $45 per ft. = $987,750 - 15% vacancy = $839,588 AOI $2,518,763 Land Cost (3 years of income) $4,179,940 Replacement Cost (5 years income) $1,679,176 Developers Profit (2 years income) $5,500,764 Land Value/Sale Price (Lot 411)

Location

State RI

County Providence

Zoning PC

Rooms

Basement Full, Unfinished

Interior

Heating Hot Water, Oil

Cooling Window Unit(s)

Flooring Other

Fireplaces Type None

Fireplace No

Appliance Electric Water Heater

Exterior

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

Utilities Available Water Available

Total Parking Spaces 4

Garage No

Building

Story 2

Foundation Concrete Perimeter

Sewer Cesspool

Water Connected

Architectural Style Bungalow

Level or Stories 2

Structure Type Wood Siding

New Construction No

Others

Senior Community No

Tax ID 230GEORGEWASHINGTONHWYSMTH

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Listed by Balletto Realty

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Kathleen Sposato

+1(508) 523-8632

Broker | License ID: 9084437

Broker License ID: 9084437

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230 George Washington HWY Smithfield, RI 02917

Kathleen Sposato

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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230 George Washington HWY