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Rangoon Chinese Japanese Restaurant 294 Waterman Ave 3,608 SF Retail Building Smithfield, RI 02917 $699,000 ($193.74/SF)
Investment Highlights
- Recently renovated with new roof, siding, and fully updated interior finishes.
- Prior approvals in place for outdoor dining expansion opportunities.
- Zoned R20, with permitted use for food and beverage operations.
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....REDUCED!!!
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....REDUCED!!!
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
$699,000
Price Per SF
$193.74
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
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | SMIT-000026-000000-000028A | Improvements Assessment | $272,400 |
| Land Assessment | $134,900 | Total Assessment | $407,300 |
Property Taxes
Parcel Number
SMIT-000026-000000-000028A
Land Assessment
$134,900
Improvements Assessment
$272,400
Total Assessment
$407,300
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Contact the Sale Advisor
Rangoon Chinese Japanese Restaurant | 294 Waterman Ave