ADDRESS
369 S MAIN STREET
PROVIDENCE, RI 02903
Save
Ask
Tour
Hide
$5,500,000
23 Days On Site
250 George Washington HighwaySmithfield, RI 02917
For Sale|Land|Active
County:
Providence
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
Call Now: (401) 447-8040
Is this the listing for you? We can help make it yours.
(401) 447-8040
Save
Ask
Tour
Hide
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. = $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)
Save
Ask
Tour
Hide
Listing Snapshot
Price
$5,500,000
Days On Site
23 Days
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
3.6878 Acres
Year Built
N/A
MLS® Number
1390445
Status
Active
Property Tax
$8,690
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 2 weeks ago | Listing updated with changes from the MLS® | |
| 3 weeks ago | Status changed to Active | |
| 3 weeks ago | Listing first seen on site |
General Features
Acres
3.6878
Additional Property Use
Residential
Utilities
Cable AvailableElectricity AvailableNatural Gas AvailablePhone AvailableWater AvailableWater Connected
Water Source
Public
Zoning
Condominium,Multi-Family,Residential
Save
Ask
Tour
Hide
Exterior Features
Frontage
525
Lot Features
LevelWoodedWetlands
Road Frontage
City StreetState Road
Community Features
Community Features
Street Lights
Roads
Asphalt
Listing courtesy of Gary Balletto of Balletto Realty 4016419994
Listing information is provided by Participants of the State-Wide MLS of Rhode Island, Inc. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, State-Wide MLS of Rhode Island, Inc.
Last checked: 2025-08-13 04:56 PM UTC
Listing information is provided by Participants of the State-Wide MLS of Rhode Island, Inc. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, State-Wide MLS of Rhode Island, Inc.
Last checked: 2025-08-13 04:56 PM UTC
Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
Save
Ask
Tour
Hide
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.