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$2,879,000
1421920 MLS
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

230 George Washington Highway, Smithfield

$5,758,000
1421921 MLS
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

250 George Washington Highway, Smithfield

$159,000
1416143 MLS
Waterfront living awaits at 53 Deer Run Trail in Smithfield! Nestled on a quiet dead-end road in a well-established waterfront community, this exceptional lot offers a rare opportunity to build your dream home in a peaceful and picturesque setting. As one of the largest parcels in the neighborhood, it provides ample space, privacy, and flexibility for a custom single-family residence. Enjoy beautiful water views, tranquil surroundings, and the charm of waterfront living while remaining conveniently close to parks, schools, shopping, dining, and major highways. A Zoning Certificate was approved by the Town of Smithfield on 5/29/24, and municipal water and electricity are available, making this property an outstanding opportunity for future development. Don't miss your chance to own a rare piece of waterfront land in one of Smithfield's most desirable locations.

53 Deer Run Trail, Smithfield

$225,000
1388190 MLS
Prime Development Opportunity on the Smithfield/Lincoln Line Builders and investors this is your chance to create something extraordinary. Nestled in a serene setting with breathtaking reservoir views, this lot offers the perfect canvas for your dream home or development project. Located in the desirable town of Smithfield, it combines peaceful tranquility with exceptional convenience. Whether you're looking to purchase a single lot or acquire the entire package of four remaining lots (see MLS for details), this is an opportunity that doesn't come along often. Just minutes from local amenities and with easy access to Providence, Worcester, and Boston, this location blends natural beauty with commuter-friendly convenience.

223 Reservoir Road LOT 5, Smithfield

$300,000
1387893 MLS
Prime Development Opportunity on the Smithfield/Lincoln Line Builders and investors this is your chance to create something extraordinary. Nestled in a serene setting with breathtaking reservoir views, this lot offers the perfect canvas for your dream home or development project. Located in the desirable town of Smithfield with part of the lot located in Lincoln, it combines peaceful tranquility with exceptional convenience. Whether you're looking to purchase a single lot or acquire the remaining 4 lots (see MLS for details), this is an opportunity that doesn't come along often. Just minutes from local amenities and with easy access to Providence, Worcester, and Boston, this location blends natural beauty with commuter-friendly convenience.

245 Reservoir Road LOT 1, Smithfield

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