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    Smithfield, RI
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    Smithfield, RI Restaurants for Sale

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    Johnston, RI Glocester, RI Scituate, RI Providence, RI North Providence, RI Lincoln, RI Cranston, RI Burrillville, RI
    Renovated Restaurant and Bar
    Updated: Mar 12, 2025
    Renovated Restaurant and Bar

    294 Waterman Avenue, Smithfield, RI 02917

    $699,000
    3,608 sqft 0.41 AC lot
    3,608 square feet on 0.41 acres
    Restaurant and bar improvements with renovated interior
    New roof and siding
    R20 zoning with food‑and‑beverage use restriction
    Prior approval for outdoor dining
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    This listing looks promising.

    Here's a quick look at some key insights for

    294 Waterman Avenue, Smithfield, RI 02917

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    • Est. Cap Rate

      6.3%
      Above avg (5.9%)

    • Est. NOI

      $44K
      Annual

    • Price @ 7% Cap

      $624K
      Suggested

    • Last Sold

      May 2007
      $460K

    • Property Type

      Commercial Building, Mail Order, Show Room (Non-Auto)
      Built 1950
    View Property Analytics
    Asian Fusion Restaurant Business
    Updated: Jun 12
    Asian Fusion Restaurant Business

    970 Douglas Pike, Smithfield, RI 02917

    $260,000
    3,000 sqft 3.00 AC lot
    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
    Located near Bryant University at the intersection of Rt. 116 and 7
    5‑10 year flexible lease term with 5 year options
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    Full Service Restaurant and Entertainment Center
    Full Service Restaurant and Entertainment Center

    325 Farnum Pike, Smithfield, RI 02917

    $2,300,000
    6,546 sqft

    Fully sprinklered restaurant with outdoor stage, pool, and parking for approximately 300 vehicles.

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    Asian Fusion Restaurant with Open Kitchen
    Asian Fusion Restaurant with Open Kitchen

    970 Douglas Pike, Smithfield, RI 02917

    Contact for pricing
    3,000 sqft

    Operational restaurant with open kitchen, seating for 65, and a full liquor license in a busy strip center.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Restaurant and Bar Opportunity
    Restaurant and Bar Opportunity

    332 Farnum Pike, Smithfield, RI 02917

    Contact for pricing

    Turnkey restaurant and bar with high traffic location.

    View details
    Based on your search, we've compiled 16 Potential Opportunities for your consideration. Besides 5 Active listings in Smithfield, RI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Turnkey Hot Dog Restaurant Business
    Turnkey Hot Dog Restaurant Business

    2000-39 Putnam Pike, Johnston, RI 02919

    $58,000

    Firehouse Hot Dogs has operated since 1989 and is offered turnkey with FF&E included for immediate ownership.

    View details
    Turnkey Hot Dog Restaurant Business
    Turnkey Hot Dog Restaurant Business

    39 Putnam Pike, Johnston, RI 02919

    Contact for pricing

    Turnkey Firehouse Hot Dogs business with all FF&E included and a long operating history since 1989.

    View details
    Turn-Key Restaurant Opportunity in Providence
    Turn-Key Restaurant Opportunity in Providence

    834 Admiral Street, Providence, RI 02904

    Contact for pricing
    1,912 sqft

    Thriving restaurant property in a prime Providence corner lot.

    View details
    Providence Restaurant Business Opportunity
    Providence Restaurant Business Opportunity

    834 Admiral Street, Providence, RI 02904

    Contact for pricing

    Thriving restaurant business and real estate for sale in Providence.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Business District Commercial Land
    Business District Commercial Land

    1003 Victory Highway, North Smithfield, RI 02896

    $200,000
    0.62 AC lot

    Commercial lot in BN zoning with public water and sewer availability near regional highway connections.

    View details
    Permitted Land on Route 140
    Permitted Land on Route 140

    85 Mendon St, Bellingham, MA 02019

    $1,200,000
    1.99 AC lot

    1.99 acre lot permitted for a 5000 sqft building.

    View details
    High-Traffic Corner Commercial Land
    High-Traffic Corner Commercial Land

    Danielson, CT 06239

    $1,300,000

    Prime commercial land with high visibility and highway access.

    View details
    Heavy Business Frontage Lot
    Heavy Business Frontage Lot

    4000 Quaker Lane, North Kingstown, RI 02852

    $399,000
    1.71 AC lot

    Vacant heavy business zoned lot with 325 feet of frontage on Quaker Lane and utilities available.

    View details

    Off-Market Properties in Smithfield, RI

    Consider similar Off-Market properties in Smithfield, RI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    250 George Washington Hwy
    Restaurants

    250 George Washington Hwy, Smithfield, RI 02917

    Value Estimation by Request
    View details
    230 George Washington Hwy
    Amusement parks

    230 George Washington Hwy, Smithfield, RI 02917

    Value Estimation by Request
    View details
    466 Putnam Pike Unit 8 & 10
    Individual retail properties

    466 Putnam Pike Unit 8 & 10, Smithfield, RI 02828

    Value Estimation by Request
    View details

    Smithfield, RI Restaurants Market Trends and Statistics

    Explore 8 restaurants for sale in Smithfield, RI, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 16,154 square feet of properties for sale, with an estimated market value of $3,259,000.

    Sale prices for restaurant properties in Smithfield, RI start at $260,000, averaging $1,086,333, and reaching up to $2,300,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 7
    Bars & Pubs 3

    Demographics Overview

    Population 15K
    Population Growth (5Y) +9.2%
    Median Household Income $106,772
    College Educated 54.3%

    High-Yield Neighborhoods for Investment

    Identify Smithfield submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    02917 $903K

    Taxes & Financing

    Tax Rate (average for all types) 1.76%
    Property Tax per SF $38.94 per SF
    Tax Rate vs County Average 1.02 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Providence County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Providence County

    Residential Income

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