About 230 George Washington Hwy
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)
Pricing and availability subject to change.
Amenities
| Utilities |
Water Available
|
| Parking Spaces |
4
|
| Parking |
No Garage
|
| Garages |
No Garage
|
| Is Waterfront |
No
|
| Has Pool |
No
|
Interior
| Interior |
Other
|
| Appliances |
Electric Water Heater
|
| Heating |
Hot Water, Oil
|
| Cooling |
Window Unit(s)
|
| Fireplace |
Yes
|
| Fireplaces |
None
|
| # of Stories |
2
|
| Stories |
2
|
| Has Basement |
Yes
|
| Basement |
Full, Unfinished
|
Exterior
| Exterior |
Wood Siding
|
| Construction |
Wood Siding
|
| Foundation |
Concrete Perimeter
|
