Conventional Restaurant

Smithfield, RI Conventional Restaurants for Sale

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Johnston, RI Glocester, RI North Scituate, RI Providence, RI North Providence, RI Lincoln, RI Central Falls, RI Cranston, RI
Renovated Restaurant and Bar
Updated: Mar 12, 2025
Renovated Restaurant and Bar

294 Waterman Avenue, Smithfield, RI 02917

$699,000
3,608 sqft 0.41 AC lot
3,608 square feet on 0.41 acres
Restaurant and bar improvements with renovated interior
New roof and siding
R20 zoning with food‑and‑beverage use restriction
Prior approval for outdoor dining
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Full Service Restaurant and Entertainment Center
Updated: Jun 24
Full Service Restaurant and Entertainment Center

325 Farnum Pike, Smithfield, RI 02917

$2,300,000
6,546 sqft
6,546' full‑service restaurant operating May–September with outdoor summer events including league volleyball
Fully sprinklered restaurant and entertainment center with outdoor live stage and swimming pool
Ample on‑site parking for approximately 300 vehicles
Restaurant revenues approaching $1.5M (existing business)
Potential development opportunity for residential condos or apartments; architectural/engineered plans available
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Restaurant With Outdoor Amenities
Restaurant With Outdoor Amenities

325 Putnam Pike, Smithfield, RI 02917

Contact for pricing
6,546 sqft

Full-service dining property with entertainment features, seasonal recreation, and patio seating in Smithfield.

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See what stands out in Providence County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

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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.

Mixed-Use Property with Restaurant
Mixed-Use Property with Restaurant

1058 Charles Street, North Providence, RI 02904

$1,600,000
7,593 sqft 0.69 AC lot

Corner property combines a built-out restaurant, retail storefront, residential units, parking lots, and basement storage.

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Updated Strip Plaza with Parking
Updated Strip Plaza with Parking

80 Greenville Avenue, Johnston, RI 02919

$999,900
4,000 sqft

One-level strip plaza is updated and currently operated as a pub and pizza place, with a large parking lot.

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Mixed-Use Property with Restaurant
Mixed-Use Property with Restaurant

1058 Charles St, North Providence, RI 02904

$1,600,000
7,593 sqft

Includes restaurant, retail, residential, parking, and basement components within one assembled commercial offering.

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Turnkey Hot Dog Restaurant Business
Turnkey Hot Dog Restaurant Business

2000-39 Putnam Pike, Johnston, RI 02919

$58,000

Firehouse Hot Dogs has operated since 1989 and is offered turnkey with FF&E included for immediate ownership.

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Smithfield, RI Conventional Restaurants Market Trends and Statistics

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 16,700 square feet of properties for sale, with an estimated market value of $2,999,000.

Sale prices for conventional restaurants in Smithfield, RI start at $699,000, averaging $1,499,500, and reaching up to $2,300,000 — 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

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 $1.1M

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

Office

Residential Income

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