230 George Washington HWY Active Save Request In-Person Tour Request Virtual Tour
Smithfield,RI 02917
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