332 Farnum Pike Smithfield, RI 02917
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
LI · Smithfield, RISmithfield. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.