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Free-Standing Restaurant Space
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223 Newport Avenue, Pawtucket, RI 02861

Free-standing restaurant space on a high-traffic Newport Ave corridor with excellent visibility and triple-net lease structure.

Days on Market274

Property Features for 223 Newport Avenue

General Information

Standard status Active
Property subtype Commercial
Lease Term []

Additional Details

Equipment Included No

Building Details

Year Built 1955
Listing Agency: Coastline Realty LLC
Listed By: Qing Lu Zhu
Source: Teridegnan
Added: Nov 2, 2025 Changed: Jul 30 Last Checked: Aug 1 at 4:39AM

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 Coastline Realty LLC

Investment Insights

Based on property information with market context.

Free-standing restaurant space located at 223 Newport Avenue in Pawtucket, RI 02861. The property is described as best suited for a long-term tenant and is positioned for a restaurant or food-related business. Please note that no equipment is included.

The space benefits from its setting on Newport Avenue, a busy main road with heavy daily car traffic and excellent visibility.

Built in 1955, the property is offered under a triple net lease structure.

Key Highlights

  • Free‑standing restaurant space at 223 Newport Avenue, Pawtucket, RI 02861
  • On Newport Avenue with heavy daily car traffic and excellent visibility
  • Triple net lease structure

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Law Firm Computer & Electronic Repair Skin Care Clinic Accounting Firm Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

422
Businesses Nearby
334k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Groceries 27% Shops & Services 24% Apparel 20% Home Improvements & Furnishings 14%
Market Basket Groceries
91,655 visits/mo 0.2 miles
The Home Depot Home Improvements & Furnishings
42,709 visits/mo 0.5 miles
T.J. Maxx Apparel
38,396 visits/mo 0.4 miles
Burlington Apparel
29,692 visits/mo 0.3 miles
Olive Garden Dining
24,254 visits/mo 0.3 miles

Demographics for 02861, RI

27,833
Population
11,928
Households
2.3
Avg Household Size
40
Median Age
20%
College-Educated
87%
High-School Grad
3.6 sq mi
ZIP Area
7,731
Density / Sq Mi
$83,044
Median Household Income
$47,384
Median Earnings
$1,278
Median Rent
$285,200
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Free-standing restaurant space on a high-traffic Newport Ave corridor with excellent visibility and triple-net lease structure.
Where is this conventional restaurant located?
The property is located at 223 Newport Avenue Pawtucket, RI.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: Free‑standing restaurant space at 223 Newport Avenue, Pawtucket, RI 02861; On Newport Avenue with heavy daily car traffic and excellent visibility; Triple net lease structure
More about this property
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