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$650,000

371 Smith Street
Providence, RI 02908
Listed by The Jarrod Lewis Group
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1955

About this home

Exceptional opportunity to own a fully equipped food and lounge property with real estate in Providence. This one-level, turnkey building is thoughtfully laid out with a front QSR/café space and an adjoining lounge/event area, offering flexibility for a wide range of concepts. The property includes a complete commercial kitchen, bar, and deli setup, allowing a new owner to launch quickly with minimal upfront investment. While the business is not currently cash-flow positive, the infrastructure is fully in place for a new concept, rebrand, or expanded events-driven operation. The kitchen is outfitted with a 12-foot hood with Ansul system, 6-burner range, flat-top, charbroiler, fryer, convection oven, ample stainless workspace, prep refrigeration, bar and beer coolers, POS systems, security cameras, and smallwares. With real estate included, a flexible layout, and location along an active commercial corridor, this property presents a rare opportunity for an owner-operator or investor to create a profitable food, beverage, or event destination.

Property details

MLS #
1404612
Property type
Commercial
Subdivision
N/A
Status
Active
Days on market
10
On market date
February 10, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
4
Lot size
6,372 sqft
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Harry Kizirian Elementary
0.2 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
563
Student:teacher ratio
17.1:1
District
Providence
Middle
Nathanael Greene Middle
0.39 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
907
Student:teacher ratio
15.4:1
District
Providence
HighCharter
Times2 Middle/High School
0.24 mi away · Grades 6-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
403
Student:teacher ratio
14.9:1
District
Providence

Walkability

Blended score for Providence's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

89
Highly walkable
out of 100
EPA National Walkability Index
16.2 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores14
Parks20
Schools20
Transit stops20
Pharmacies9

Market position

How this listing compares to current activity in Providence, from live MLS data.

On the market 10 days -- 32 fewer days than Providence's current average of 42 days.
For reference, the median list price across 1,252 active listings in Providence right now is $449,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$4,064/mo
$130,000 down
$520,000 loan
Principal & interest$3,373
Property tax (est.)$542
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated February 21, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.