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501 Park Avenue

Portsmouth, RI 02871
  • $1,200,000
  • STATUS: Active
  • ON SITE: 177 Days
  • MLS #: 1366544
UPDATED: 19 min ago
$1,200,000
  • 0
    BEDS
  • 0.34
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,449
    SQFT
  • $828
    $/SQFT
Type:
Commercial
Built:
1950
County:
Area:

School Ratings & Info

Description

Located near the popular Portsmouth Beaches, this thriving restaurant enjoys a prime location that attracts both locals and visitors year-round. The inviting dining room accommodates over 50 guests, complemented by a full-service bar and a spacious outdoor patio with seating for 30+. Just minutes from Route 24, this well-established venue boasts a loyal customer base and strong financial performance. With potential to expand operating hours and diversify the menu, this restaurant presents a fantastic opportunity for growth and increased revenue.

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[Rhode Island Statewide MLS] logo

© 2025 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than John Krekorian | RE/MAX Flagship are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or John Krekorian | RE/MAX Flagship. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-02-13T16:37:52.92.
www.krekorianteam.com/homes/153803215
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501 Park Avenue Portsmouth, RI 02871

  • Price: $1,200,000
  • Status: Active
  • On Site: 177 Days
  • Updated: 19 min ago
  • MLS #: 1366544
0
Beds
0
Baths
0
½ Baths
0.34
Acres
1,449
SQFT
$828
$/SQFT
1950
Built
County:
Newport
Area:
Portsmouth
Property Description
Located near the popular Portsmouth Beaches, this thriving restaurant enjoys a prime location that attracts both locals and visitors year-round. The inviting dining room accommodates over 50 guests, complemented by a full-service bar and a spacious outdoor patio with seating for 30+. Just minutes from Route 24, this well-established venue boasts a loyal customer base and strong financial performance. With potential to expand operating hours and diversify the menu, this restaurant presents a fantastic opportunity for growth and increased revenue.
Exterior Features

Construction Materials Frame Foundation Details Concrete Perimeter Parking Total 24

Property Features

Business Type Restaurant Community Features Marina Shopping Electric 100 Amp Service Circuit Breakers Human Modified YN No Land Lease YN No New Construction YN No Property Sub Type Commercial Road Frontage Type City Street Sewer Septic Tank Tax Annual Amount 2665 Tax Assessed Value 286800 Tax Lot 160 162 Tax Year 2024 Water Source Connected

[Rhode Island Statewide MLS] logo Listing information © 2025 State-Wide Multiple Listing Service.
Listing provided courtesy of Broadway Real Estate Group: .



[Rhode Island Statewide MLS] logo

© 2025 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than John Krekorian | RE/MAX Flagship are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or John Krekorian | RE/MAX Flagship. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-02-13T16:37:52.92.
 
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John Krekorian | RE/MAX Flagship
140 Point Judith Road #23
Narragansett RI, 02882