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    1114 Douglas Pike Smithfield, RI 02917

    For Lease
    $16 SF/Yr ($4,500 /Mo)

    High-visibility space suitable for restaurant, retail, or professional use.

    Property size:
    3,309 SF
    Lot size:
    0.92 Acres

    Property Features for 1114 Douglas Pike

    General Information

    Size
    3,309 SF
    Lot size
    0.92 Acres

    Source: HomeSmart Professional Real Estate Agent Michael A. Alves

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Smithfield Retail/Restaurant Opportunity

    This leasing opportunity is located in a visible and established area of Smithfield. The property, previously occupied by Parente’s Restaurant since 1983, features a flexible layout suitable for restaurant, retail, or professional purposes. The site is near Bryant University and Fidelity Investments, benefiting from local traffic, visibility on Douglas Pike, and accessibility to major routes and amenities. The rentable space is 3,309 square feet, with an additional 1,900 square feet of storage space. On-site parking is available. The location offers visibility and signage opportunities along a busy corridor. It is suited for a restaurant, café, retail, or service-oriented business and is near Bryant University, Fidelity Investments, and Smithfield’s commercial centers.
    Insight Report Location Intelligence

    Current Use by Public Records

    Parente's Restaurant American Restaurant

    Suggested Use

    Restaurant Law Firm Dental Office Building Supply Wholesale Shop Auto Repair Shop Hotel & Motel Gym & Fitness Department Store Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Smithfield
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.5306131
    Latitude
    41.9240552

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    FAQs

    What type of property is this?
    Restaurant - High-visibility space suitable for restaurant, retail, or professional use.
    Where is this restaurant located?
    The property is located at 1114 Douglas Pike Smithfield, RI.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - High-visibility location on Douglas Pike with strong local traffic.; - 3,309 SF of rentable space plus 1900 SF storage.; - Ample on-site parking.
    (401) 523-9555
    Request Owner's contact information
    1114 Douglas Pike 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
    1114 Douglas Pike Smithfield, RI 02917
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