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    332 Farnum Pike Smithfield, RI 02917

    Sponsored
    For Sale
    $999,900

    Restaurant & Land, High Traffic Area, Turnkey

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional opportunity to acquire a thriving restaurant and bar situated on a substantial 74,487 square foot lot in Smithfield, Rhode Island. This turnkey property, located at 332 Farnum Pike, boasts a prime location with high traffic volume, ensuring optimal visibility and accessibility for your business. Built in 1958, the single-building property features ample seating for 199 patrons inside, with additional capacity on a fenced patio. The property also includes a significant 70-space parking lot, addressing a key concern for potential customers. The property is categorized as both commercial land and retail, offering versatility and potential for expansion. The area is home to major employers such as Bryant University, Fidelity, and Navigant Credit Union, providing a strong customer base. This presents a unique chance to either establish a new venture or expand an existing franchise in a highly desirable location. The asking price is $999,900. Don't miss this rare opportunity to own and operate a successful restaurant in a thriving community. The property is zoned for commercial and restaurant use.

    Property Features for 332 Farnum Pike

    General Information

    Property type
    Restaurants

    Building Details

    Year Built
    1958
    Buildings
    1
    Units
    1

    HighLights

    • Thriving restaurant and bar on a 74,487 SF lot in Smithfield, RI, asking $999,900.
    • Prime location on Farnum Pike with high traffic volume and excellent visibility.
    • 199‑seat restaurant with additional patio seating and a 70‑space parking lot.
    • Single‑building property built in 1958, zoned for commercial and restaurant use.
    • Strong customer base due to proximity to Bryant University, Fidelity, and Navigant Credit Union.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Gym & Fitness 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
    -71.5445819
    Latitude
    41.9126273

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    FAQs

    What type of property is this?
    Restaurant - Restaurant & Land, High Traffic Area, Turnkey
    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: Thriving restaurant and bar on a 74,487 SF lot in Smithfield, RI, asking $999,900.; Prime location on Farnum Pike with high traffic volume and excellent visibility.; 199-seat restaurant with additional patio seating and a 70-space parking lot.
    Request Owner's contact information
    332 Farnum Pike 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
    332 Farnum Pike Smithfield, RI 02917
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