ADDRESS
369 S MAIN STREET
PROVIDENCE, RI 02903
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$2,750,000
106 Days On Site
230 George Washington HighwaySmithfield, RI 02917
For Sale|Land|Active
County:
Providence
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Call Now: (401) 447-8040
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(401) 447-8040
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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. 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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Listing Snapshot
Price
$2,750,000
Days On Site
106 Days
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
2.53 Acres
Year Built
N/A
MLS® Number
1390554
Status
Active
Property Tax
$4,628
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 3 months ago | Status changed to Active | |
| 3 months ago | Price changed to $2,750,000 | |
| 3 months ago | Listing updated with changes from the MLS® | |
| 4 months ago | Listing first seen on site |
General Features
Acres
2.53
Land Lease
No
Utilities
Cable AvailableElectricity AvailableNatural Gas AvailablePhone AvailableWater AvailableWater Connected
Water Source
Public
Zoning
PC
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Exterior Features
Frontage
107
Lot Features
LevelWoodedWetlands
Road Frontage
City Street
Community Features
Community Features
RestaurantStreet Lights
Senior Community
Yes
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: 2025-11-04 06:23 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: 2025-11-04 06:23 PM UTC
Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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