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Restaurant and Bar Opportunity

332 Farnum Pike, Smithfield, RI 02917

For Sale
Contact for pricing

Turnkey restaurant and bar with high traffic location.

Property SizeContact for details
Days on Market993

Property Features for 332 Farnum Pike

General Information

Standard status Active
Total Parking Spaces 70
Property subtype Retail

Building Details

Year Built 1958
Buildings 1
Units 1
Listing Agency: RE/MAX Properties
Listed By: Karl Martone · License RI REB.0013618
Source: Crexi
Added: Feb 22, 2024 Changed: Aug 8 Last Checked: Aug 25 at 3:56AM

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 RE/MAX Properties

Rey
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Investment Insights

Based on property information with market context.

This property presents a rare opportunity to own and operate a restaurant and bar in a high-traffic location. The property is turnkey and ready for business. It features 199 seats inside and additional seating on a fenced patio. The parking lot has 70 spots. This property is suitable for expanding an existing franchise or starting a new business. Nearby are Bryant University, Fidelity, and Navigant Credit Union.

Key Highlights

  • Turnkey restaurant and bar ready for immediate operation.
  • High‑traffic location with 70 parking spots and 199 indoor seats.
  • Opportunity to own and operate your own business and 'pay yourself the rent'.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Bars & Pubs

Suggested Use

Top Pick Law Firm Hair Salon Electrical Service Nail Salon Cafe & Coffee Shop Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

137
Businesses Nearby
Well-served
Demand for This Use

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

Average Price Trend$/SF for Restaurants in Providence County, RI

$324 Jul
$332 Aug
$332 Sep
$319 Oct

Properties on Market for Restaurants in Providence County

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Frequently Asked Questions

What type of property is this?
Restaurant - Turnkey restaurant and bar with high traffic location.
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 $999,900.
What are key features of this property?
This property features: Turnkey restaurant and bar ready for immediate operation.; High‑traffic location with **70 parking spots and 199 indoor seats**.; Opportunity to own and operate your own business and 'pay yourself the rent'.
(401) 439-1669 Call to check price and availability
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