15 Point Road, Portsmouth, RI 02871
COMMERCIAL - Portsmouth, RI
- Added:
- Jun 9, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 12 at 5:06 am
Property Features for 15 Point Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C
- Rooms
- Basement
- Parking
- 15
- Interior features
- Ceiling Height (9 to 12 Ft)
- Basement
- Full
- 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 agent Mike Sweeney (401) 849-3000
Listing office Gustave White Sotheby's Realty 37 Bellevue Ave, Newport, RI (401) 849-3000
Listing date Jun 9, 2026
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.
HighLights
- Waterfront restaurant business only; real estate not included (see MLS #1399145 for both business and real estate)
- Comes fully furnished with FF&E, including fixtures, furnishings, and equipment
- Full bar plus two dining rooms (one on the lower level and one on the upper level with water views)
- Outdoor dining and outdoor bar overlooking the water
- Central air and forced‑air heating
- Includes on‑site parking; septic tank on file
Overview
The property is located at 15 Point Road in Portsmouth, Rhode Island. On-site parking is available for guests, providing convenient arrival and departure for diners.
Please note the listing is offered as business only; the real estate is not included with this sale. Interested parties should contact the listing agent for available financial information and any applicable lease terms. For operators seeking a prepared restaurant format with an established layout that already supports indoor and outdoor service, this configuration offers a straightforward path to new ownership while maintaining the existing bar-and-dining setup.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.0k | $21.60 |
| − Vacancy | −$5.6k | −$2.25 |
| EGI | $48.4k | $19.35 |
| − OpEx | −$12.1k | −$4.84 |
| NOI | $36.3k | $14.52 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Portsmouth
- County
- Newport
- State
- Rhode Island
- Longitude
- -71.220227
- Latitude
- 41.625846
