# 250 George Washington Highway, Smithfield, RI 02917 > **TL;DR:** commercial, $5,758,000 ($69/sqft), built 2027, 83,550 sqft. Est. $30,795/mo. Listed 68 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $5,758,000 | | Price/sqft | $69 | | Square Feet | 83,550 | | Year Built | 2027 | | Lot Size | 160,641 sqft (3.69 acres) | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 68 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $29,116 | | Estimated Insurance | $1,679 | | **Total** | **$30,795** | ## Property Highlights - Built in 2027 - 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. 250 George Washington Highway Residential Land Value 52 residential units * $75,000 per unit = $3,900,000 Retail Land Value 18,000 sq. ft. * $45 per sq. ft. = $810,000 gross annual rent Less 15% vacancy = $688,500 effective gross income Less 10% operating expenses = $619,650 NOI Retail land value: 3 years of NOI = $1,858,950 Proposed Land Value/Sale Price $3,900,000 residential value $1,858,950 retail value = $5,758,950 ## 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 ## Virtual Tour & Media - **Video Tour:** https://tour.RiLiving.com/250-George-Washington-Highway-Smithfield-RI-02917--1421918 ## Listing Agent - **Name:** Gary Balletto - **Brokerage:** BALLETTO REALTY - **Broker Phone:** (401) 432-7444 ## Photos ![250 George Washington Highway - Photo 1](http://lh.rdcpix.com/20ab1fbe0aa334777db38671c13e75f5l-f3901401185r.jpg) ![250 George Washington Highway - Photo 2](http://lh.rdcpix.com/20ab1fbe0aa334777db38671c13e75f5l-f86986286r.jpg) ![250 George Washington Highway - Photo 3](http://lh.rdcpix.com/20ab1fbe0aa334777db38671c13e75f5l-f4197068658r.jpg) ![250 George Washington Highway - Photo 4](http://lh.rdcpix.com/20ab1fbe0aa334777db38671c13e75f5l-f38878556r.jpg) ![250 George Washington Highway - Photo 5](http://lh.rdcpix.com/20ab1fbe0aa334777db38671c13e75f5l-f4155898334r.jpg) ![250 George Washington Highway - Photo 6](http://lh.rdcpix.com/20ab1fbe0aa334777db38671c13e75f5l-f1584627440r.jpg) ![250 George Washington Highway - Photo 7](http://lh.rdcpix.com/20ab1fbe0aa334777db38671c13e75f5l-f3099232119r.jpg) ![250 George Washington Highway - Photo 8](http://lh.rdcpix.com/20ab1fbe0aa334777db38671c13e75f5l-f4284983609r.jpg) --- **MLS#:** 1421918 | **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/250-george-washington-highway-smithfield-ri-02917-4d4db08547204d8c8a2c8203d3b8a077) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/250-george-washington-highway-smithfield-ri-02917-4d4db08547204d8c8a2c8203d3b8a077#listing", "url": "https://www.propertysimple.ai/listing/250-george-washington-highway-smithfield-ri-02917-4d4db08547204d8c8a2c8203d3b8a077", "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. 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