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Property profile & analytics
FOR SALE
Showrooms

332 Farnum Pike Smithfield, RI 02917

5,866 SF 1.71 ac lot Built 1958
Entity Owned 6-yr Hold Free & Clear
Property ID
US76-0176852
Property summary
AI-generated overview

This exceptional 5,866 square foot commercial property located at 332 Farnum Pike in Smithfield, Rhode Island presents a rare opportunity for restaurant and bar ownership. Situated on a 1.71-acre lot, this turnkey establishment boasts a prime location with high traffic volume, ensuring optimal visibility and customer flow. The property includes ample parking with 70 spaces, accommodating a large clientele. Inside, the spacious layout comfortably seats 199 patrons, with additional seating available on a fenced patio. The property's current configuration is ideal for immediate operation, minimizing start-up costs and maximizing potential returns. This is an excellent opportunity for expanding an existing franchise or launching a new venture. The surrounding area is home to several major employers, including Bryant University, Fidelity, and Navigant Credit Union, providing a substantial and reliable customer base. The asking price for this exceptional property is $999,900. Don't miss this chance to acquire a thriving business in a highly desirable location. This is a truly unique opportunity to own and operate a successful restaurant and bar, generating immediate income and long-term growth potential. The property's size, location, and existing infrastructure make it an attractive investment for discerning entrepreneurs.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1958
Construction FRAME
Total area 5,866 SF
Lot 1.71 ac (74,488 SF)
Zoning code LI
APN SMIT M:46 B:000 L:051-A U:
UPID US76-0176852
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$557k
Blend (final) Blend
$515k
Owner & transaction history
Tristan Dev LLC · 6 yrs held
Tristan Dev LLC
since 2020
Last sale
$45,000
5 recorded transactions
2020
$45,000
2020
Price N/A
2018
$885,000
1999
$325,000
1992
$220,000
Zoning & alternative use
LI · Smithfield, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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