230 George Washington Highway

Providence County RI 02917

110207 sq. ft.

Land

Currently for sale - view listing

Overview

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)

Features

110207 sq. ft. lot size

Land

Property history for 230 George Washington Highway

2022

Sold

$500,000

29 Dec 2022 by Gary Balletto, of Balletto Realty

2020

Rented

Undisclosed

24 Dec 2020 by RI Real Estate Services

Happy sellers in Providence County

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Local market activity for land plots in Providence County

In the last 12 months, 6 land plots similar to 230 George Washington Highway, have been sold.

Sold

For Sale

View the listing for inspection times, agent contact details, and more.

Gary Balletto

at Balletto Realty

View listing

Sales:: (619) 566-0008

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