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    15 Point Rd Portsmouth, RI 02871

    For Sale
    $2,400,000

    COMMERCIAL - Portsmouth, RI

    Lot size:
    0.24 Acres
    Days on Market:
    22
    Last Refresh:
    Dec 15 at 7:06 am

    Property Features for 15 Point Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C
    Parking
    15
    Interior features
    Ceiling Height (9 to 12 Ft)
    Lot size
    0.24 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water front features
    Waterfront
    Water front
    1

    Building Details

    Year built
    1940
    Floors in Building
    2
    Number of units
    1
    Building materials
    Frame

    Gustave White Sotheby's International Realty (401) 849-3000 [email protected]

    Listing agent Mike Sweeney (401) 862-0164

    Listing date Nov 24, 2025

    Copyright © 2025 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Restaurant Opportunity in Portsmouth

    This is an opportunity to own a free-standing waterfront restaurant in Portsmouth, RI. The turnkey establishment is fully furnished with fixtures, furnishings, and equipment. The restaurant includes a full bar, two indoor dining rooms, one on the lower level, and one on an upper level with water views. Outdoor dining and an outdoor bar overlooking the water are available. On-site parking is included. The property is zoned C and the lot size is 0.24 acres. This thriving restaurant has a loyal customer base and dedicated staff.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    15 Point Road ... Seafood Restaurant

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Building Supply Auto Repair Shop Gym & Fitness Wholesale Shop Skin Care Clinic Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portsmouth
    County
    Newport
    State
    Rhode Island
    Longitude
    -71.220227
    Latitude
    41.625846

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    FAQs

    What type of property is this?
    Restaurant - Turnkey waterfront restaurant with indoor/outdoor dining and full bar.
    Where is this restaurant located?
    The property is located at 15 Point Rd Portsmouth, RI.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: - Turnkey waterfront restaurant in desirable Portsmouth, RI; - Fully furnished with fixtures, furnishings, and equipment (FF&E); - Thriving business with loyal customer base and dedicated staff
    (401) 862-0164
    Request Owner's contact information
    15 Point Rd Portsmouth, RI 02871
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    15 Point Rd Portsmouth, RI 02871
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