Waterfront Restaurant with Outdoor
For Sale
$2,400,000
15 Point Road, Portsmouth, RI 02871
Commercial/Business,Commercial Sale, Portsmouth, RI
Property Size2,500 SF
Lot Size0.24 Acres
Price / SF$960
Days on Market78
Property Features for 15 Point Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C
Parking
15
Interior features
Ceiling Height (9 to 12 Ft)
Subdivision
Island Park
Lot features
Corner, Paved, Sidewalks, Free Standing
View
Water
Standard status
Active
Size
2,500 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5559
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
Listing Agency:
Gustave White Sotheby's Realty · Sotheby's International Realty
(401) 849-3000
Listed By:
Mike Sweeney
(401) 862-0164
Added: Jun 9
Changed: Aug 19
Last Checked: Aug 25 at 6:06AM
MLS# 1414258
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This free-standing restaurant occupies a 2,500-square-foot building on a 0.24-acre waterfront parcel. The layout includes two interior dining rooms, with one located on the lower level and another on the upper level, along with a full bar. Exterior amenities include dining space and a separate outdoor bar positioned to overlook the water. Furniture, fixtures, and equipment are included in the sale.
Built in 1940, the property has frame construction, 9- to 12-foot ceiling heights, forced-air heat, central air conditioning, and a septic tank. On-site parking supports the restaurant operation, while the waterfront setting provides views from the upper dining area and outdoor spaces.
Built in 1940, the property has frame construction, 9- to 12-foot ceiling heights, forced-air heat, central air conditioning, and a septic tank. On-site parking supports the restaurant operation, while the waterfront setting provides views from the upper dining area and outdoor spaces.
Key Highlights
- 2,500‑square‑foot restaurant on a 0.24‑acre waterfront parcel
- Two indoor dining rooms, including an upper‑level room with water views
- Full bar plus outdoor dining and an outdoor bar overlooking the water
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Free-standing dining property with bar service, water views, outdoor seating, and on-site parking.
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 $2,400,000.
What are key features of this property?
This property features: 2,500‑square‑foot restaurant on a 0.24‑acre waterfront parcel; Two indoor dining rooms, including an upper‑level room with water views; Full bar plus outdoor dining and an outdoor bar overlooking the water
