Smithfield, RI
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    Smithfield, RI Conventional Restaurants for Sale

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    Johnston, RI Glocester, RI Scituate, RI
    Renovated Restaurant and Bar
    $699,000
    3,608 SF
    Renovated Restaurant and Bar

    294 Waterman Avenue, Smithfield, RI 02917

    Renovated restaurant and bar with new roof and siding, located in Smithfield’s mixed suburban setting.
    • Totally renovated restaurant and bar interior
    • Recent exterior improvements include a new roof and siding
    • Ceiling heights range from 9 to 12 ft
    • Central air with natural gas baseboard heating
    • Public water and public sewer connections
    Updated: Mar 12, 2025
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    Renovated Restaurant and Bar Opportunity
    $699,000
    3,608 SF
    Renovated Restaurant and Bar Opportunity

    294 Waterman, Smithfield, RI 2917

    Well-established, newly renovated restaurant and bar in a suburban setting.
    • Well‑established restaurant and bar.
    • Newly renovated interior.
    • New roof and siding.
    • Previously approved for outdoor dining.
    • Excellent hospitality business opportunity.
    Updated: Sep 30, 2025
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    Renovated Restaurant and Bar Opportunity
    $699,000
    Renovated Restaurant and Bar Opportunity

    Well-established, newly renovated restaurant and bar in a suburban setting.

    294 Waterman Avenue, Smithfield, RI 2917

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    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 3 Active listings in Smithfield, RI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Restaurant Building with Parking
    $399,000
    3,339 SF
    Restaurant Building with Parking

    Well-established restaurant building in a high-traffic area with off-street parking and an expiring lease.

    888 Charles Street, North Providence, RI 02904

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    Turnkey Pizza Restaurant Opportunity
    $100,000
    Turnkey Pizza Restaurant Opportunity

    Pizza restaurant for sale with equipment near multiple institutions.

    1092 Chalkstone Avenue, Providence, RI 2908

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    Banquet Facility and Restaurant
    $1,199,000
    9,542 SF
    Banquet Facility and Restaurant

    Banquet facility and restaurant serving the community since the 1930s.

    1113 Charles, North Providence, RI 2904

    View details
    Providence Restaurant Business Opportunity
    $150,000
    Providence Restaurant Business Opportunity

    Thriving restaurant business and real estate for sale in Providence.

    834 Admiral Street, Providence, RI 2904

    View details

    Smithfield, RI Conventional Restaurants Investment Opportunities Market Analysis

    Explore 3 conventional restaurants for sale in Smithfield, RI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 7,216 square feet of properties for sale, with an estimated market value of $1,398,000.

    Sale prices for conventional restaurants in Smithfield, RI start at $699,000, averaging $699,000, and reaching up to $699,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 5
    Bars & Pubs 3
    Turn key restaurants 1

    Demographics Overview

    Population 15K
    Population Growth (5Y) +9.2%
    Median Household Income $106,772
    College Educated 54.3%

    High-Yield Neighborhoods for Investment

    Identify Smithfield submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    02917 $699K

    Taxes & Financing

    Tax Rate (average for all types) 1.76%
    Property Tax per SF $38.94 per SF
    Tax Rate vs County Average 1.02 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Providence County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Providence County

    Retail

    Office

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