230 George Washington Highway Smithfield RI 02917
230 George Washington Highway Smithfield RI 02917
230 George Washington Highway Smithfield RI 02917
230 George Washington Highway Smithfield RI 02917
230 George Washington Highway Smithfield RI 02917
230 George Washington Highway Smithfield RI 02917
230 George Washington Highway Smithfield RI 02917
230 George Washington Highway Smithfield RI 02917
230 George Washington Highway Smithfield RI 02917

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Listed by Gary Balletto of Balletto Realty
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)

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