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Street View
$2,879,000
Monthly Est:$14,330
2 Beds
2 Baths1 full bath + 1 half bath
1,275sqft
230 George Washington Hwy, Smithfield, RI 02917
$2,879,000
$14,330/moEst:
Get Pre-Approved
Single Family Residence
Built in 1938
$-- HOA
2.53 acres lot
$2,258/sq.ft
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
- Houzeo last checked: 4 hours ago
- Listing updated: September 10, 2026 at 4:32 am
- Listing Provided by: Gary Balletto (401) 641-9994 DRE #REB.0017234 | Balletto Realty (401) 432-7444
- Source: RI StateWide MLS-RI | MLS#: 1421919
Property Details
Status
Active
Type
Single Family Residence
No. of Stories
2
County
City
Neighborhood
--
Year Built
1938
HOA Fees
-
Finished Area
1,275 sqft
Lot Size
2.53 acres lot
Basement Area
- sqft
MLS Name
RI StateWide MLS
MLS Number
1421919
MLS Status
Active
Days on Market
66
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 2
Bathrooms: 2
Interior
Flooring
Other
Heating
Hot Water, Oil
Cooling
Window Units
Appliances
Electric Water Heater
Sewer
Cesspool
Construction
Year Built
Year Built: 1938
Home type
Single Family Residence
Construction Materials
Wood Siding
Architectural Style
Cape Cod
Foundation Details
Concrete Perimeter
Utilities & Energy
Electric
Amps100
Fireplace Features
None
Basement
Full, Unfinished
Parking Features
No Garage
Water Source
Connected
Utilities
Water Available
Other Features
Community Features
Highway Access, Near Schools, Public Transportation, Restaurant
Price History
| Date | Event | Price |
|---|---|---|
08/30/2026 Source: | Price Increased | $2,879,000 +4.69% $69/sqft |
07/21/2025 Source: | Listed for Sale | $2,750,000 $66/sqft |
07/21/2025 Source: | Off Market | $2,750,000 $66/sqft |
07/20/2025 Source: | Price Increased | $2,750,000 +86.44% $66/sqft |
10/08/2023 Source: | Listing Removed | $1,475,000 +118.52% $35/sqft |
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Based on information from State-Wide MLS through Nov 05, 2026, 12:45PM. Information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 State-Wide MLS, Inc. All rights reserved.
Advertising Broker: Derek Greene | The Greene Realty Group
