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Asian Fusion Restaurant Business
For Sale
$260,000

970 Douglas Pike, Smithfield, RI 02917

Commercial/Business, Smithfield, RI

Property Size3,000 SF
Lot Size3.00 Acres
Price / SF$86.67
Days on Market76

Property Features for 970 Douglas Pike

General Information

Property type Commercial Sale
Property subtype Other
Parking 20
Security features Security
Interior features Ceiling Height (15 to 17 Ft)
Subdivision Bryant University
Lot features Corner, Paved, Security, Sidewalks, Strip Store, Suburban
Standard status Active
Size 3,000 SF
Lot size 3.00 Acres

Taxes and HOA fees

Tax Year 25
Tax Annual Amount 20000

Utilities

Sewer type Public Sewer
Heating system Central
Cooling system Central Air
Water source Public

Building Details

Floors in Building 1
Number of units 1
Building materials Masonry
Listing Agency: Circle 100 Real Estate
Listed By: Shuman Hsia
Added: Jun 12 Changed: Aug 20 Last Checked: Aug 26 at 9:06AM
MLS# 1413423

Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This operating Asian fusion restaurant occupies approximately 3,000 square feet in a masonry-built strip-center setting. The layout includes an open kitchen, indoor dining, bar seating, and an outdoor dining area, with restaurant equipment included in the offering. Interior features include 15 to 17-foot ceilings, central heating, central air conditioning, public water, and public sewer. A full liquor license is also in place.

The property is positioned near Bryant University at the intersection of Rt. 116 and 7 in Smithfield. The surrounding center includes Dunkin Donuts, 401 Fitness, and Condesa as anchor stores. The business is offered with a flexible lease structure described as 5-10 years, together with 5-year options. Private tours are requested for the operating restaurant.

Key Highlights

  • Approximately 3,000 square feet of restaurant space
  • Open kitchen with 30 indoor seats, 15 bar seats, and 20 outdoor seats
  • Full liquor license included

Property Analytics

Current Use

ATM 7ELEVEN, INC. Bank Ichiraku Ramen & Fusion ... Restaurant 7-Eleven Grocery & Convenience Store Western Union Bank Elite Staffing Inc Employment Agency

Suggested Use

Top Pick Parking Lot & Garage Auto Repair Shop Plumbing Service Garden Center Grocery & Convenience Store Bakery

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

Lease Details

Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Liquor license

Location Intelligence

Trade Area within ½ mile

239
Businesses Nearby
1k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Hotels & Casinos 100%
Holiday Inn Express & Suites Smithfield - Providence Hotels & Casinos
1,201 visits/mo 0.3 miles

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

Market

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Operational restaurant in an open strip-center setting with a full liquor license and flexible lease structure.
Where is this conventional restaurant located?
The property is located at 970 Douglas Pike Smithfield, RI.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Approximately 3,000 square feet of restaurant space; Open kitchen with 30 indoor seats, 15 bar seats, and 20 outdoor seats; Full liquor license included
More about this property
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