250 George Washington Hwy

160,639 / 3.69
Lot Size / Acres

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. 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...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. 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. retail @ $45 per 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)
  1. Listed by Gary Balletto • Brokerage DRE #REB.0017234 • Balletto Realty
    P: (401)-641-9994 garyballetto@gmail.com
LISTING UPDATED: 08/01/2025 12:32 AM

Property Details for 250 George Washington Highway

StatusActive
MLS #1390445
Days on Market216
Taxes$8,690 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand
Year Built-
Lot Size3.69 AC
CountyProvidence County

Location

Listing Courtesy of Balletto Realty
Add your commute

Building Information for 250 George Washington Highway

Lot Size3.69 AC

Payment Calculator

$27,530 per month

30 year fixed, 6.15% Interest

Principal and Interest

$26,806

Property Taxes

$724

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 250 George Washington Highway

Summary
Location and General Information
  • City: Smithfield
  • Community Features: Highway Access, Near Hospital, Near Schools, Public Transportation, Shopping, High Traffic Location, Street Lights
  • Postal City: Smithfield
  • Postal Code: 02917
  • Road Frontage Type: City Street, State Road
  • State Or Province: RI
  • Topography: Level
  • Zoning: PC
  • Zoning Description: Condominium,Multi-Family,Residential
  • Human Modified Y N: No
Taxes and HOA Information
  • Tax Annual Amount: $8,690.00
  • Tax Assessed Value: 0
  • Tax Lot: 379
  • Tax Map Number: 46
  • Tax Year: 2023
Property
Lot Information
  • Frontage Length: 525
  • Lot Features: Level, Wooded, Wetlands
  • Lot Size Acres: 3.6878
  • Lot Size Area: 160639.0
  • Lot Size Square Feet: 160639.0
  • Lot Size Units: Square Feet
  • Parcel Number: 250GEORGEWASHINGTONHWYSMTH
  • Possible Use: Residential
  • Stories Total: 0
  • Vegetation: Wooded
Property and Assessments
  • Development Status: Other
  • Property Type: Land
  • Road Surface Type: Asphalt
  • C L I P: 1,090,311,326
Utilities
  • Sewer: Sanitary
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Municipal Utilities, Phone Available, Water Available, Water Connected
  • Water Source: Connected, Public
Interior and Exterior Features
Interior Features
  • Bathrooms Total Integer: 0
  • Wooded Area: 100.0
Rental
Rental Information
  • Land Lease Y N: No

Property History for 250 George Washington Highway

DateEvent & SourcePriceAppreciation
Jul 21, 2025

Listed (Active)

Rhode Island Association of REALTORS® #1390445

$5,500,000
Jul 20, 2025

Permanently Off Market

Rhode Island Association of REALTORS® #1364219

Jul 20, 2024

Listed (Active)

Rhode Island Association of REALTORS® #1364219

$5,250,000
Jul 19, 2024

Permanently Off Market

Rhode Island Association of REALTORS® #1343387

Nov 13, 2023

Listed (Active)

Rhode Island Association of REALTORS® #1343387

$4,500,000
Sep 6, 2023

Permanently Off Market

Rhode Island Association of REALTORS® #1332864

Apr 7, 2023

Listed (Active)

Rhode Island Association of REALTORS® #1332864

$1,599,000
Apr 1, 2023

Permanently Off Market

Rhode Island Association of REALTORS® #1315978

Sep 13, 2022

Listed (Active)

Rhode Island Association of REALTORS® #1315978

$1,599,000
Jun 1, 2022

Temporarily Off Market

Rhode Island Association of REALTORS® #1299089

Dec 1, 2021

Listed (Active)

Rhode Island Association of REALTORS® #1299089

$1,224,900
DateEvent & SourcePrice
07/21/2025

Listed (Active)

Rhode Island Association of REALTORS® #1390445

$5,500,000
07/20/2025

Permanently Off Market

Rhode Island Association of REALTORS® #1364219

07/20/2024

Listed (Active)

Rhode Island Association of REALTORS® #1364219

$5,250,000
07/19/2024

Permanently Off Market

Rhode Island Association of REALTORS® #1343387

11/13/2023

Listed (Active)

Rhode Island Association of REALTORS® #1343387

$4,500,000
09/06/2023

Permanently Off Market

Rhode Island Association of REALTORS® #1332864

04/07/2023

Listed (Active)

Rhode Island Association of REALTORS® #1332864

$1,599,000
04/01/2023

Permanently Off Market

Rhode Island Association of REALTORS® #1315978

09/13/2022

Listed (Active)

Rhode Island Association of REALTORS® #1315978

$1,599,000
06/01/2022

Temporarily Off Market

Rhode Island Association of REALTORS® #1299089

12/01/2021

Listed (Active)

Rhode Island Association of REALTORS® #1299089

$1,224,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 250 George Washington Highway

This home is within Smithfield School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Raymond Laperche School
PublicPK to 5

Vincent J. Gallagher Middle School
Public6 to 8

Smithfield High School
Public9 to 12

Pleasant View Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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250 George Washington Highway is a 3.69 ac of land for sale in Smithfield, RI 02917. This property was listed for sale on July 21, 2025 by Balletto Realty, it's currently listed at $5,500,000. This listing's school district is Smithfield School District. Nearby schools include Raymond Laperche School, Vincent J. Gallagher Middle School and Smithfield High School. 250 George Washington Highway is a 0-bed, 0-bath, 3.69 ac of land on a 160,639 sq. ft. / 3.69 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Balletto Realty

Based on information from one of the following Multiple Listing Services: Rhode Island Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Rhode Island Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.