# 230 George Washington Highway, Smithfield, RI 02917 > **TL;DR:** commercial, $2,879,000 ($69/sqft), built 2025, 41,775 sqft. Est. $15,398/mo. Listed 63 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $2,879,000 | | Price/sqft | $69 | | Square Feet | 41,775 | | Year Built | 2025 | | Lot Size | 110,207 sqft (2.53 acres) | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 63 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $14,558 | | Estimated Insurance | $840 | | **Total** | **$15,398** | ## Property Highlights - Built in 2025 - 2.53 acre lot ## Description ### Agent 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.2 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 - **Address:** 230 George Washington Highway, Smithfield, RI 02917 - **County:** Providence - **Coordinates:** 41.917181, -71.522897 - **Google Maps:** https://www.google.com/maps?q=41.917181,-71.522897 ## Listing Agent - **Name:** Gary Balletto - **Brokerage:** BALLETTO REALTY - **Broker Phone:** (401) 432-7444 ## Photos ![230 George Washington Highway - Photo 1](http://lh.rdcpix.com/abd3a9e6b0bbac948f9c382f1a1776bdl-f3901401185r.jpg) ![230 George Washington Highway - Photo 2](http://lh.rdcpix.com/abd3a9e6b0bbac948f9c382f1a1776bdl-f86986286r.jpg) ![230 George Washington Highway - Photo 3](http://lh.rdcpix.com/abd3a9e6b0bbac948f9c382f1a1776bdl-f4197068658r.jpg) ![230 George Washington Highway - Photo 4](http://lh.rdcpix.com/abd3a9e6b0bbac948f9c382f1a1776bdl-f38878556r.jpg) ![230 George Washington Highway - Photo 5](http://lh.rdcpix.com/abd3a9e6b0bbac948f9c382f1a1776bdl-f4155898334r.jpg) ![230 George Washington Highway - Photo 6](http://lh.rdcpix.com/abd3a9e6b0bbac948f9c382f1a1776bdl-f1584627440r.jpg) ![230 George Washington Highway - Photo 7](http://lh.rdcpix.com/abd3a9e6b0bbac948f9c382f1a1776bdl-f3099232119r.jpg) ![230 George Washington Highway - Photo 8](http://lh.rdcpix.com/abd3a9e6b0bbac948f9c382f1a1776bdl-f4284983609r.jpg) --- **MLS#:** 1421917 | **Updated:** 2026-10-20 **Source:** listhub *Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/230-george-washington-highway-smithfield-ri-02917-bb2318fc82d04eeba9b657515dcfe77d) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/230-george-washington-highway-smithfield-ri-02917-bb2318fc82d04eeba9b657515dcfe77d#listing", "url": "https://www.propertysimple.ai/listing/230-george-washington-highway-smithfield-ri-02917-bb2318fc82d04eeba9b657515dcfe77d", "name": "230 George Washington Highway, Smithfield, RI 02917", "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.2 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. 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