Restaurant Ready Commercial Space

332 Farnum Pike, Smithfield, RI 02917

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For Sale

$899,900

Turn-key restaurant opportunity in a sought-after dining district.

Type:Commercial

Property size:

5,880 SF

Price / SF:

$153/SF

Listing Contact

The Blackstone Team

HighLights

Turn‑key restaurant space in a high‑traffic, sought‑after dining district.
Large 200‑person capacity with a spacious, well‑equipped kitchen.
Massive parking lot and charming outdoor dining area.
Ample storage areas and basement prep area for streamlined operations.
On‑site offices for efficient management.
Unbeatable location near Fidelity and Bryant University.

Learn more

For Sale

$899,900

Turn-key restaurant opportunity in a sought-after dining district.

Type:Commercial

Property size:

5,880 SF

Price / SF:

$153/SF

Added:: Feb 20, 2026
Days on Market:: 111
Last Refresh:: Apr 25 at 6:21 am

Property Features for 332 Farnum Pike

General Information

Standard status: Active
Size: 5,880 SF
Property subtype: Commercial

Building Details

Year Built: 1958

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Listing Contact

The Blackstone Team

Listing agent The Blackstone Team

Listing office Compass

Listing date Feb 20, 2026

Source Liongatere

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 Compass

HighLights

Turn‑key restaurant space in a high‑traffic, sought‑after dining district.
Large 200‑person capacity with a spacious, well‑equipped kitchen.
Massive parking lot and charming outdoor dining area.
Ample storage areas and basement prep area for streamlined operations.
On‑site offices for efficient management.
Unbeatable location near Fidelity and Bryant University.

Overview

Located at 332 Farnum Pike in Smithfield, RI, this commercial space offers an opportunity for a restaurant venture. The property features a spacious, well-equipped kitchen and ample storage areas, along with a basement prep area. On-site offices are available for management purposes. The exterior includes a large parking lot and an outdoor dining area. The property is situated in a dining district with a steady flow of traffic, near Fidelity and Bryant. The space is approximately 5,880 square feet and has a capacity of 200 people. This location is suited for various restaurant concepts, including a cafe, bistro, or upscale dining establishment.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$105.8k	$18.00
− Vacancy	−$10.9k	−$1.85
EGI	$95.0k	$16.15
− OpEx	−$23.7k	−$4.04
NOI	$71.2k	$12.11

5,880 SF · lease $18.00/SF/yr · vacancy 10.28% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.02M

$890.3K – $1.19M (±1% cap)

NOI $71,220 @ 7.0% cap · market cap 7.91%

Second Best

—

no second resolved use

Theoretical Best

Multifamily LT 5

$1.40M

$1.22M – $1.63M (±1% cap)

NOI $97,905 @ 7.0% cap · market cap 10.88%

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

Location Intelligence

Current Use by Public Records

Restaurants

Suggested Use

Location Insight

Map
Local Demand

City: Smithfield
County: Providence
State: Rhode Island
Longitude: -71.5445334
Latitude: 41.9126261

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For sale
Restaurants
RI
Smithfield
02917
332 Farnum Pike

What type of property is this?

Restaurant - Turn-key restaurant opportunity in a sought-after dining district.

Where is this restaurant located?

The property is located at 332 Farnum Pike Smithfield, RI.

What is the asking price?

The asking price for this property is $899,900.

What are key features of this property?

This property features: Turn‑key restaurant space in a high‑traffic, sought‑after dining district.; Large 200‑person capacity with a spacious, well‑equipped kitchen.; Massive parking lot and charming outdoor dining area.