Full Service Restaurant with Outdoor
For Sale
Contact for pricing
325 Farnum Pike, Smithfield, RI 02917
Full service restaurant offering outdoor summer events and approximately 300 parking spaces, fully sprinklered for safety compliance.
Property Size6,546 SF
Price / SF$351.36
Days on Market136
Property Features for 325 Farnum Pike
General Information
Standard status
Active
Size
6,546 SF
Total Parking Spaces
300
Property subtype
RETAIL
Additional Details
Business Included
Yes
Sprinkler System
Yes
Listing Agency:
MG Commercial
(401) 751-3200
Listed By:
Dan Feiner · License ##RES.0029089
(401) 465-9224
Source:
Moodyscre
Added: Jun 16
Changed: Oct 26
Last Checked: Oct 28 at 10:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MG Commercial
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Investment Insights
Based on property information with market context.
This full service restaurant comprises approximately 6,546 square feet and is fully sprinklered. The property supports May through September outdoor summer events, including league volleyball, swimming pool activities, and an outdoor live stage. Ample parking is available with approximately 300 spaces. The business is currently operating, with revenues approaching $1.5M.
The site is located at 325 Farnum Pike in Smithfield, RI and is in close proximity to Bryant University, Fidelity Investments, Amica Mutual, and Navigant CU.
In addition to ongoing restaurant operations, the property is described as a potential development opportunity for residential condos or apartments, with architectural and engineered plans available.
The site is located at 325 Farnum Pike in Smithfield, RI and is in close proximity to Bryant University, Fidelity Investments, Amica Mutual, and Navigant CU.
In addition to ongoing restaurant operations, the property is described as a potential development opportunity for residential condos or apartments, with architectural and engineered plans available.
Key Highlights
- Full‑service restaurant with existing business revenues approaching $1.5M
- 6,546' restaurant space
- Approximately 300 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,286
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,585,720
$1.6M
Cap Rate 7%
$1,132,657
$1.1M
Cap Rate 9%
$880,956
$881.0K
Market Conditions
NOI Build-Up for 6,546 SF
Gross rent
$117.8K $18.00/SF
− Vacancy
−$12.1K −$1.85/SF
EGI
$105.7K $16.15/SF
− OpEx
−$26.4K −$4.04/SF
NOI
$79.3K $12.11/SF
Area
Providence County, RI
Vacancy
10.28%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,585,720
Cap Rate 7%
$1,132,657
Cap Rate 9%
$880,956
Alternative Uses
Best Use
Specialty Retail
$1.13M
$991.1K – $1.32M
NOI $79,286 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.56M
$1.36M – $1.82M
NOI $108,994 @ 7.0% cap · market cap 4.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
151
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02917, RI
14,738
Population
5,119
Households
2.9
Avg Household Size
38
Median Age
38%
College-Educated
92%
High-School Grad
21.4 sq mi
ZIP Area
689
Density / Sq Mi
$106,772
Median Household Income
$44,229
Median Earnings
$988
Median Rent
$416,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Full service restaurant offering outdoor summer events and approximately 300 parking spaces, fully sprinklered for safety compliance.
Where is this conventional restaurant located?
The property is located at 325 Farnum Pike Smithfield, RI.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Full‑service restaurant with existing business revenues approaching $1.5M; 6,546' restaurant space; Approximately 300 parking spaces
