# 250 George Washington Highway, Smithfield, RI 02917

> **TL;DR:** land, $5,500,000. Est. $23,833/mo. Listed 315 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $5,500,000 |
| Lot Size | 160,641 sqft (3.69 acres) |
| Property Type | Land (Other) |
| Status | For Sale |
| Days on Market | 315 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $23,833 |
| **Total** | **$23,833** |

## Property Highlights

- 3.69 acre lot

## Description

### Agent Description
Attention investors/developers: Be part of Rhode Island's next hottest area for development!! Pad ready - with Master plan approval for 42 residential units and 18,000 ft.2 retail. Prime location, high traffic visibility, on the corner of George Washington Highway and Douglas Pike - close to 146 and 295. Zoned Planned Corporate, there are many uses possible. Opportunity for a combined purchase w/abutting property 230 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.2 retail @ $45 per ft.2 = $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

- **Address:** 250 George Washington Highway, Smithfield, RI 02917
- **County:** Providence
- **Coordinates:** 41.917573, -71.521858
- **Google Maps:** https://www.google.com/maps?q=41.917573,-71.521858

## Listing Agent

- **Name:** Gary Balletto
- **Brokerage:** Balletto Realty
- **Phone:** (401) 432-7444
- **Email:** garyballetto@gmail.com

## Primary Photo

![250 George Washington Highway - Primary Photo](http://lh.rdcpix.com/2b2dc51f1beb54c9483b77e8383acb5dl-f104744657r.jpg)

*8 total photos available on [listing page](https://www.propertysimple.com/listing/250-george-washington-highway-smithfield-ri-02917-1390445)*

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**MLS#:** 1390445 | **Updated:** 2026-06-18
**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.com/listing/250-george-washington-highway-smithfield-ri-02917-1390445)

---

## Structured Data

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  "name": "250 George Washington Highway, Smithfield, RI 02917",
  "description": "Attention investors/developers: Be part of Rhode Island's next hottest area for development!! Pad ready - with Master plan approval for 42 residential units and 18,000 ft.2 retail. Prime location, high traffic visibility, on the corner of George Washington Highway and Douglas Pike - close to 146 and 295. Zoned Planned Corporate, there are many uses possible. Opportunity for a combined purchase w/abutting property 230 George Washington Highway, totaling 6+ acres. Call for details. SITE 2 (Lot 411",
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  "datePosted": "2026-06-18",
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