Rangoon Chinese Japanese Restaurant 294 Waterman Ave 3,608 SF Retail Building Smithfield, RI 02917 $720,000 ($199.56/SF)
EXECUTIVE SUMMARY
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....legal occupancy is 99....Property zoned R20...The only allowable commercial us is restricted to a food and beverage operation.
Totally renovated and updated interior....Previously approved for outdoor dining....legal occupancy is 99....Property zoned R20...The only allowable commercial us is restricted to a food and beverage operation.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,608 SF
Building Class
B
Year Built/Renovated
1950/2015
Price
$720,000
Price Per SF
$199.56
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.41 AC
Zoning
R20 - The only allowable commercial use is a food and beverage establishment.
Any other use is restricted to residential (R20).
Parking
30 Spaces (8.31 Spaces per 1,000 SF Leased)
AMENITIES
- Restaurant
PROPERTY TAXES
| Parcel Number | SMIT-000026-000000-000028A | Improvements Assessment | $244,900 |
| Land Assessment | $116,600 | Total Assessment | $361,500 |
