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$699,000

  • For Sale
  • Active
  • Commercial
See This Home
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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!!!!!

Full Property Details for 294 Waterman Ave

General

  • Price: $699,000
  • Taxes: $8,230 (2024)
  • Status: Active
  • Type: Commercial
  • Source: STWMLS
  • MLS ID: 1379796
  • Updated: 12/4/2025
  • Added to Site: 310 day(s) ago

Business

  • Year Established: 2007
  • Seating Capacity: 96

Interior

  • Furnishings: Unfurnished

Additional Information

  • Security/Safety: Closed Circuit Camera(s), Carbon Monoxide Detector(s), Fire Alarm, Smoke Detector(s), Building Security, Security Lights

Parking

  • Total Spaces: 25

Location

  • County: Providence
  • Near Highway: Yes

Community

  • Units Assoc/Comm: 1

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air Conditioning
  • Heating Type: Baseboard, Central, Gas

Utilities

  • Sewer: Connected, Public Sewer, Sanitary
  • Water: Connected, Multiple Meters, Public
  • Utility Description: Electricity Available, Natural Gas Available, Natural Gas Connected, Municipal Utilities, Water Connected, Sewer Connected

Structural Information

  • # Buildings: 1
  • Detached/Attached: Attached
  • Construction: Frame
  • Basement: Yes
  • Basement Desc.: Full
  • Stories/Levels: 0
  • Building Size: 3608
  • Finished Total: 3,608 Sq. Ft.
  • Finished Above Grnd: 3,608 Sq. Ft.
  • Year Built: 1950
  • Other Struct. Feat.: Public Restrooms

Lot Features

  • Lot Size (Acres): 0.41
  • Lot Size (Sq. Ft.): 17,860
  • Lot Size: 17860
  • Frontage: State Road, Asphalt
  • Street Lights: Yes
  • Potential Use: Commercial, Residential

Financial Considerations

  • Tax Amount: $8,230
  • Tax Year: 2024

Disclosures and Reports

  • Documents Avail.: License(s)
  • Property ID: 294WATERMANAVSMTH
  • Lot Number: 28A

Listed by RE/MAX Preferred

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— 294 Waterman Ave —

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 294 Waterman Ave

School District:Smithfield School District
NameGradesDistance
Old County Road School
200 Old County Road, Smithfield, RI 02917
K-51.1 mi
Vincent J. Gallagher Middle School
10 Indian Run Trail, Smithfield, RI 02917
6-82.6 mi
Smithfield High School
90 Pleasant View Avenue, Smithfield, RI 02917
9-122.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 294 Waterman Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/04/2025
Price Reduced
$699,000
-2.92%
MLS
3/12/2025
Listed
$720,000
56.52%
MLS
5/24/2007
Sold
$460,000
—
Public Record
Get Price Alerts and Save Property
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 for 294 Waterman Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,568
4%
$407,300
13%
2024
$7,306
5%
$361,500
—
2023
$6,941
3%
$361,500
—
2022
$6,760
11%
$361,500
11%
2021
$6,094
2%
$325,900
—
2019
$5,980
12%
$325,900
12%
2018
$5,349
—
$290,700
—
2017
$5,349
5%
$290,700
—
2016
$5,096
2%
$290,700
2%
2015
$4,993
2%
$284,200
-7%
2012
$4,917
—
$306,900
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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294 Waterman Avenue, Smithfield, RI 02917 (MLS# 1379796) is a Commercial property. 294 Waterman Avenue is currently listed for $699,000 and was received on March 12, 2025. Want to learn more about 294 Waterman Avenue? Do you have questions about finding other Commercial real estate for sale in Smithfield? You can browse all Smithfield real estate or contact a Coldwell Banker agent to request more information.

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