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    294 Waterman Ave Smithfield, RI 02917

    New
    For Sale
    $699,000

    Commercial - Smithfield, RI

    Property size:
    3,608 SF
    Lot size:
    0.41 Acres
    Days on Market:
    4
    Last Refresh:
    Dec 7 at 3:06 pm

    Property Features for 294 Waterman Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R20
    Parking
    25
    Interior features
    Ceiling Height (9 To 12 Ft)
    Exterior features
    Free Standing, Suburban
    Size
    3,608 SF
    Lot size
    0.41 Acres

    Utilities

    Heating system
    Baseboard, Central, Natural Gas

    Building Details

    Year built
    1950
    Number of units
    1
    Building materials
    Frame
    Architectural style
    Other

    RE/MAX PREFERRED (401) 353-2200 [email protected]

    Listing agent Edward West (401) 353-2200

    Listing date Dec 4, 2025

    MLS# 1379796 Listing URL

    Copyright © 2025 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Restaurant and Bar Opportunity

    This is an opportunity to acquire a well-established and newly renovated restaurant and bar situated in a mixed suburban setting in Smithfield, Rhode Island. The property, zoned R20, features a totally renovated and updated interior, along with a new roof and siding. The building has a size of 3608 square feet and is situated on a 0.41-acre lot. The only allowable commercial use is restricted to a food and beverage operation. The property was previously approved for outdoor dining.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rangoon Chinese Japanese ... Japanese Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Acorn Room Cocktails And Gatherings, Taco Barn, Larry's Lounge, Escada Restaurant & Bar, Tumblesalts Café

    Location Insight

    • Map
    • Local Demand
    City
    Smithfield
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.495344
    Latitude
    41.873049

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    FAQs

    What type of property is this?
    Bar - Well-established, newly renovated restaurant and bar in Smithfield, Rhode Island.
    Where is this bar located?
    The property is located at 294 Waterman Ave Smithfield, RI.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - Well-established and newly renovated restaurant and bar.; - Newly renovated and updated interior.; - New roof and siding.
    (401) 353-2200
    Request Owner's contact information
    294 Waterman Ave Smithfield, RI 02917
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    Smithfield, RI 02917
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    294 Waterman Ave Smithfield, RI 02917
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