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325 Farnum Pike 9,001 SF Retail Building Smithfield, RI 02917 $2,300,000 ($255.53/SF)
Investment Highlights
- 6,546' Full Service Restaurant.
- Fully Sprinklered.
- Ample Parking- Approximately 300 Spaces.
Executive Summary
The Last Resort Restaurant & Entertainment Center is a high energy dining and entertainment destination in Northern Rhode Island, combining casual dining with a vibrant social atmosphere that attracts both locals and visitors. The property features a full-service restaurant and expansive outdoor amenities, including live music, sand volleyball courts, a swimming pool, and patio seating, creating a popular seasonal hub for dining, events, and recreation. This unique mix of food, entertainment, and outdoor
experiences drives strong traffic and repeat business, offering multiple revenue streams and upside for an owner-operator or investor.
experiences drives strong traffic and repeat business, offering multiple revenue streams and upside for an owner-operator or investor.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
9,001 SF
Building Class
B
Year Built
1975
Price
$2,300,000
Price Per SF
$255.53
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
11.50 AC
Zoning
I
Parking
223 Spaces (24.78 Spaces per 1,000 SF Leased)
Frontage
230’ on Farnum Pike
Amenities
- Bus Line
- Courtyard
- Property Manager on Site
- Pylon Sign
- Signage
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | SMIT-000046-000000-000060E | Improvements Assessment | $446,700 |
| Land Assessment | $512,200 | Total Assessment | $958,900 |
Property Taxes
Parcel Number
SMIT-000046-000000-000060E
Land Assessment
$512,200
Improvements Assessment
$446,700
Total Assessment
$958,900
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Videos
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325 Farnum Pike
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