Map
Listed price in listed location currency (USD).
$5,758,000

000

MLS® 1421921

Overview

Key Facts

Type 
Levels Land
Size -
Garage 
Taxes $8,690
Days Active 2
Lot Size 3.6878 Acres
Approx. Age 
MLS® Number 1421921

Property Address: 250 Washington Hwy, Smithfield, RI, 02917-1924

Average square foot calculated using Size range provided by listing agent.

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. 250 George Washington Highway Residential Land Value 52 residential units $75, 000 per unit = $3, 900, 000 Retail Land Value 18, 000 sq. ft. $45 per sq. ft. = $810, 000 gross annual rent Less 15% vacancy = $688, 500 effective gross income Less 10% operating expenses = $619, 650 NOI Retail land value: 3 years of NOI = $1, 858, 950 Proposed Land Value/Sale Price $3, 900, 000 residential value $1, 858, 950 retail value = $5, 758, 950
MLS® Number1421921
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C

Extras

Map

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties