Jamestown Real Estate, LLC | Rhode Island Real Estate

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MLS Number: 1421918 - ACTIVE

Lot Size:3.69 Acres

Year Built:2027

Listed By: Balletto Realty

Attention investors/developers: Be part of Rhode Islandâ€™s next hottest area for development!! Pad ready - with Master plan approval for 42 residential units and 18,000 ft.Â² 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 Ã— $75,000 per unit = $3,900,000 Retail Land Value 18,000 sq. ft. Ã— $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

Appliances:

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Appliances:

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Architectural Style:

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Bathrooms:

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Beds:

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Business Type:

Accounting, Animal Grooming, Appliances, Aquarium Supplies, Auto Parts, Bakery, Barber/Beauty, Beauty Service, Butcher, Cabinets, Carpet/Tile, Commercial, Dance Studio, Day Care Facility, Deli/Catering, Dry Cleaner, Fitness, Florist/Nursery, Franchise, Gift Shop, Health Services, Ice Cream/Frozen Yogurt, Jewelry, Liquor Store, Music, Office Building, Paints, Pet Store, Printing, Residential, Retail, Street Retail, Vacation Rental(s)

Community Features:

Bus, Highway Access, Hospital, Interstate, Private School, Public School, Shopping, Street Lights

Construction Materials:

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Cooling:

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Door Features:

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Electric:

None

Existing Lease Type:

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Finished Floor:

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Fireplace Type:

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Fireplaces:

None

Garage Spaces:

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Handicap Accessible:

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Has View:

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Has Waterfront:

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Heating:

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Levels:

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Living Area:

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Lot:

Rural

Lot Frontage:

525

Neighborhood:

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Other Structures:

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Owner Pays:

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Parking Features:

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Pool:

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Property Sub Type:

Commercial

PropertySubType:

Commercial

PropertyType:

Commercial/Business,Commercial Sale

Rooms:

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Sewer:

Available

Structure Type:

Total Residential Development

Tenant Pays:

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Under Construction:

No

View:

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Waterfront Features:

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Zip Code:

02917