Commercial at 294 Waterman Avenue, Smithfield
Commercial at 294 Waterman Avenue, Smithfield, photo 2 of 23
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23 photos

$699,000

294 Waterman Avenue
Smithfield, RI 02917
Listed by Edward West
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1950

About this home

Excellent Hospitality Business Opportunity ... Well-established and newly renovated restaurant and bar in a mixed suburban setting ... Improvements include new roof and siding ... totally renovated and updated interior ... Previously approved for outdoor dining ... The property is zoned R20 ... The only allowable commercial use is restricted to a food and beverage operation. REDUCED!!!!!

Property details

MLS #
1379796
Property type
Commercial
Subdivision
N/A
Status
Active
Days on market
561
On market date
March 12, 2025
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
25
Lot size
0.41 acres
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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
Greystone School
1.01 mi away · Grades -1-5
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
286
Student:teacher ratio
13.0:1
District
North Providence
Middle
Dr. Edward Ricci School
2.18 mi away · Grades 6-8
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
405
Student:teacher ratio
13.5:1
District
North Providence
High
North Providence High
2.04 mi away · Grades 9-12
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
1,095
Student:teacher ratio
12.2:1
District
North Providence

Walkability

Blended score for Smithfield'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). EPA National Walkability Index only -- nearby-amenity data not cached yet for this area.

71
Walkable
out of 100
EPA National Walkability Index
14.2 / 20 -- Above average walkable

Market position

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

On the market 561 days -- 515 more days than Smithfield's current average of 46 days.
For reference, the median list price across 145 active listings in Smithfield right now is $529,900.

Mortgage calculator

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

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Est. monthly payment
$4,359/mo
$139,800 down
$559,200 loan
Principal & interest$3,627
Property tax (est.)$583
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 11 days ago.

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.