For-Sale Restaurant
For Sale
Contact for pricing
15 Point Road, Portsmouth, RI 02871
Restaurant property offered for sale at 15 Point Road in Portsmouth, RI.
Property Size2,500 SF
Price / SF$288
Days on Market120
Property Features for 15 Point Road
General Information
Standard status
Active
Size
2,500 SF
Total Parking Spaces
15
Property subtype
Retail, Business for Sale
Zoning
C
Building Details
Year Built
1940
Buildings
1
Units
1
Listing Agency:
Gustave White Sotheby's International Realty
Listed By:
David Huberman · License #RES.0031635
(401) 849-3000
Source:
Crexi
Added: Jun 10
Changed: Sep 26
Last Checked: Oct 5 at 7:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gustave White Sotheby's International Realty
Investment Insights
Based on property information with market context.
This for-sale restaurant property is offered as a commercial real estate asset configured for conventional restaurant use. The property size is listed at 2,500 square feet.
The address is 15 Point Road, Portsmouth, Rhode Island 02871, located within Newport County. The listing is presented for sale.
For a buyer or operator seeking a dedicated restaurant asset, this offering provides a straightforward option to acquire a restaurant property at a defined site and footprint. With the transaction structured as a sale and the property identified specifically for restaurant use, it can be a practical fit for parties looking to secure a restaurant-ready location rather than start from a non-restaurant shell. Interested buyers should review the full listing details and conduct due diligence to confirm the existing improvements, condition, and any additional site or operational considerations prior to moving forward.
The address is 15 Point Road, Portsmouth, Rhode Island 02871, located within Newport County. The listing is presented for sale.
For a buyer or operator seeking a dedicated restaurant asset, this offering provides a straightforward option to acquire a restaurant property at a defined site and footprint. With the transaction structured as a sale and the property identified specifically for restaurant use, it can be a practical fit for parties looking to secure a restaurant-ready location rather than start from a non-restaurant shell. Interested buyers should review the full listing details and conduct due diligence to confirm the existing improvements, condition, and any additional site or operational considerations prior to moving forward.
Key Highlights
- Restaurant property offered for sale at 15 Point Road in Portsmouth, RI
- Central Air cooling
- Forced Air heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,288
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$725,760
$725.8K
Cap Rate 7%
$518,400
$518.4K
Cap Rate 9%
$403,200
$403.2K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$54.0K $21.60/SF
− Vacancy
−$5.6K −$2.25/SF
EGI
$48.4K $19.35/SF
− OpEx
−$12.1K −$4.84/SF
NOI
$36.3K $14.52/SF
Area
Newport County, RI
Vacancy
10.40%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$725,760
Cap Rate 7%
$518,400
Cap Rate 9%
$403,200
Alternative Uses
Best Use
Specialty Retail
$518.4K
$453.6K – $604.8K
NOI $36,288 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$596.5K
$521.9K – $695.9K
NOI $41,755 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
157
Businesses Nearby
5k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Cumberland Farms
Shops & Services
4,910 visits/mo
0.4 miles
Demographics for 02871, RI
17,640
Population
8,044
Households
2.2
Avg Household Size
47
Median Age
60%
College-Educated
96%
High-School Grad
17.1 sq mi
ZIP Area
1,032
Density / Sq Mi
$119,135
Median Household Income
$56,615
Median Earnings
$1,577
Median Rent
$539,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property offered for sale at 15 Point Road in Portsmouth, RI.
Where is this conventional restaurant located?
The property is located at 15 Point Road Portsmouth, RI.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Restaurant property offered for sale at 15 Point Road in Portsmouth, RI; Central Air cooling; Forced Air heating
