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$2,879,000

  • For Sale
  • Active
  • Lots/Land
  • 2.53 Acres
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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. 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

Full Property Details for 230 George Washington Hwy

General

  • Price: $2,879,000
  • Taxes: $4,628 (2023)
  • Status: Active
  • Type: Lots/Land
  • Source: STWMLS
  • MLS ID: 1421920
  • Updated: 8/30/2026
  • Added to Site: 32 day(s) ago

Business

  • Business Type: Residential

Location

  • County: Providence
  • Near Highway: Yes

Community

  • Adult Community: Yes

Utilities

  • Water: Connected, Public
  • Cable Available: Yes
  • Utility Description: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Water Available, Water Connected

Structural Information

  • Detached/Attached: Detached
  • Stories/Levels: 0

Lot Features

  • Lot Size (Acres): 2.53
  • Lot Size (Sq. Ft.): 110,207
  • Lot Size: 110207
  • Frontage: City Street
  • Street Lights: Yes
  • Topography: Level
  • Lot Features: Level, Wooded, Wetlands
  • Development Status: Finished Lot(s)
  • Trees/Vegetation: Wooded
  • Zoning: Condominium, Multi-Family, Residential

Financial Considerations

  • Tax Amount: $4,628
  • Tax Year: 2023

Disclosures and Reports

  • Property ID: 230GEORGEWASHINGTONHWYSMTH
  • Lot Number: 67

Listed by Balletto Realty

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— 230 George Washington Hwy —

  • Balletto Realty

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 230 George Washington Hwy

School District:Smithfield School District
NameGradesDistance
Raymond Laperche School
11 Limerock Road, Smithfield, RI 02917
K-51.5 mi
Vincent J. Gallagher Middle School
10 Indian Run Trail, Smithfield, RI 02917
6-82.5 mi
Smithfield High School
90 Pleasant View Avenue, Smithfield, RI 02917
9-122.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 230 George Washington Hwy Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/30/2026
Listed
$2,879,000
3880.7%
MLS
7/06/2023
Sold
$72,324
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 230 George Washington Hwy

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,020
2%
$405,200
19%
2024
$4,911
6%
$340,100
1%
2023
$4,628
3%
$337,300
—
2022
$4,506
-9%
$337,300
17%
2021
$4,942
2%
$288,500
—
2019
$4,850
23%
$288,500
29%
2018
$3,930
3%
$223,800
3%
2017
$3,803
5%
$216,600
—
2016
$3,624
3%
$216,600
8%
2015
$3,532
25%
$201,000
14%
2012
$2,828
—
$176,500
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Balletto Realty

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230 George Washington Highway, Smithfield, RI 02917 (MLS# 1421920) is a Lots/Land property with a lot size of 2.53 acres. 230 George Washington Highway is currently listed for $2,879,000 and was received on August 30, 2026. Want to learn more about 230 George Washington Highway? Do you have questions about finding other Lots/Land real estate for sale in Smithfield? You can browse all Smithfield real estate or contact a Coldwell Banker agent to request more information.

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