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325 Putnam Pike
Smithfield, RI 02917
Asking Price
$2.30M
Asset Type
Restaurant Retail
Class
Class B
What's Special
325 Putnam Pike, Smithfield, RI 02917 <ul><li>6,546' Full Service Restaurant</li><li>May-September Outdoor Summer Events Including League Volleyball, Swimming Pool and Outdoor Live Stage</li><li>Ample Parking- Approximately 300 Spaces</li><li>Fully Sprinklered</li><li>Existing Business with Revenues Approaching $1.5M</li><li>Potential Development Opportunity for Residential Condos or Apartments - Architectural/Engineered Plans Available</li><li>Close Proximity to Bryant University, Fidelity Investments, Amica Mutual, and Navi
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NOI
$80,000
Cap Rate
3.48%
DSCR
0.59
Underwater
Cash-on-Cash
-8.20%
Monthly Payment
$11,379.145
Annual Cash Flow
$-56,549.741
