Restaurant with Outdoor
For Sale
Under Contract
$849,900
501 Park Avenue, Portsmouth, RI 02871
Commercial/Business,Commercial Sale, Portsmouth, RI
Property Size1,449 SF
Lot Size0.34 Acres
Price / SF$586.54
Days on Market735
Property Features for 501 Park Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
24
Interior features
Ceiling Height (7 to 9 Ft)
Lot features
Suburban
Standard status
Active Under Contract
Size
1,449 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2665
Utilities
Sewer type
Septic Tank
Building Details
Year built
1950
Floors in Building
1
Number of units
1
Building materials
Frame
Listing Agency:
Broadway Real Estate Group
(401) 354-7969
Listed By:
Doug Jeffrey
(401) 255-5530
Added: Aug 19, 2024
Changed: Aug 22
Last Checked: Aug 23 at 5:06AM
MLS# 1366544
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 1,449-square-foot restaurant property includes a dining room, full-service bar, and outdoor patio seating. The dining area accommodates over 50 guests, while the patio provides seating for 30+. Frame construction dates to 1950, with ceiling height listed at 7 to 9 feet. The property is served by a septic tank.
Located at 501 Park Avenue in Portsmouth, the restaurant is near Portsmouth Beaches and minutes from Route 24, placing the property within reach of both local and visitor traffic. The combination of indoor dining, bar service, and outdoor seating provides a clearly defined restaurant configuration on a 0.3444-acre parcel.
Located at 501 Park Avenue in Portsmouth, the restaurant is near Portsmouth Beaches and minutes from Route 24, placing the property within reach of both local and visitor traffic. The combination of indoor dining, bar service, and outdoor seating provides a clearly defined restaurant configuration on a 0.3444-acre parcel.
Key Highlights
- Dining room accommodates over 50 guests
- Outdoor patio seating for 30+
- Full‑service bar included
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
69
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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 - Restaurant property with a full-service bar and customer seating across indoor and outdoor areas.
Where is this conventional restaurant located?
The property is located at 501 Park Avenue Portsmouth, RI.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Dining room accommodates over 50 guests; Outdoor patio seating for 30+; Full‑service bar included
