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$650,000
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Property Description
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/caf 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.
Full Property Details
Full Property Details for 371 Smith St
General
- Price: $650,000
- Taxes: $11,513 (2025)
- Status: Active
- Type: Retail
- Source: STWMLS
- MLS ID: 1404612
- Updated: 2/21/2026
- Added to Site: 52 day(s) ago
Business
- Business Type: Bar/Tavern/Lounge, Commercial, Deli/Catering, FoodBev
- Year Established: 1999
Parking
- Total Spaces: 4
Location
- County: Providence
Utilities
- Sewer: Connected, Public Sewer
- Utility Description: Sewer Connected
Structural Information
- Property Detached: Yes
- Detached/Attached: Detached
- Construction: Other
- Stories/Levels: 0
- Year Built: 1955
Lot Features
- Lot Size (Sq. Ft.): 6,372
- Lot Size: 6372
Financial Considerations
- Tax Amount: $11,513
- Tax Year: 2025
Disclosures and Reports
- Property ID: 371SMITHSTPROV
- Lot Number: 2
Listed by J. Christopher Real Estate Grp
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Schools
Schools serving 371 Smith St
School District:Providence School District
| Name | Grades | Distance |
|---|---|---|
Harry Kizirian Elementary School 60 Camden Avenue, Providence, RI 02908 | K-5 | 0.2 mi |
Martin Luther King El. School 35 Camp Street, Providence, RI 02906 | K-5 | 1.1 mi |
Veazie Street School 211 Veazie Street, Providence, RI 02904 | K-5 | 1.2 mi |
Nathanael Greene Middle School 721 Chalkstone Avenue, Providence, RI 02908 | 6-8 | 0.4 mi |
Esek Hopkins Middle School 480 Charles Street, Providence, RI 02904 | 6-8 | 1 mi |
Nathan Bishop Middle School 101 Sessions Street, Providence, RI 02906 | 6-8 | 1.6 mi |
Hope High School 324 Hope Street, Providence, RI 02906 | 9-12 | 1.1 mi |
Central High School, Providence, RI 70 Fricker Street, Providence, RI 02903 | 9-12 | 1.3 mi |
Classical High School, Providence, RI 770 Westminster Street, Providence, RI 02903 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 371 Smith St
Date
Details
Price
Change
Source
2/10/2026
Listed
$650,000
116.67%
MLS
1/04/2021
Sold
$300,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 371 Smith St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,514
16%
$394,300
40%
2024
$9,902
—
$282,100
—
2023
$9,902
-1%
$282,100
—
2022
$9,986
13%
$282,100
17%
2021
$8,874
—
$241,800
—
2019
$8,874
12%
$241,800
12%
2018
$7,935
—
$216,200
—
2017
$7,935
—
$216,200
—
2016
$7,935
8%
$216,200
8%
2015
$7,328
—
$199,400
—
2014
$7,328
—
$199,400
—
2013
$7,328
—
$199,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 371 Smith St
371 Smith Street, Providence, RI 02908 (MLS# 1404612) is a Retail property. 371 Smith Street is currently listed for $650,000 and was received on February 10, 2026. Want to learn more about 371 Smith Street? Do you have questions about finding other Retail real estate for sale in Providence? You can browse all Providence real estate or contact a Coldwell Banker agent to request more information.

