Restaurant Near Portsmouth
For Sale
Contact for pricing
Pending
501 Park Ave, Portsmouth, RI 02871
Thriving restaurant with dining room, bar, and patio.
Property Size1,449 SF
Days on Market740
Property Features for 501 Park Ave
General Information
Standard status
Pending
Size
1,449 SF
Total Parking Spaces
24
Property subtype
Retail
Building Details
Year Built
1950
Stories
1
Listing Agency:
Broadway Real Estate Group
(401) 255-5530
Listed By:
Doug Jeffrey
Source:
Crexi
Added: Aug 20, 2024
Changed: Aug 8
Last Checked: Jul 24 at 4:18PM
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 Broadway Real Estate Group
Investment Insights
Based on property information with market context.
This restaurant is located in close proximity to Portsmouth Beaches. The dining room has a capacity of over 50 seats, complemented by a full bar. An outdoor patio provides additional seating for 30 or more patrons. Situated a short distance from Route 24, the establishment benefits from year-round operation, a consistent customer base, and stable financial performance. There is potential to extend operating hours and broaden the menu.
Key Highlights
- Highly desirable location near Portsmouth Beaches
- Established restaurant with loyal customer base and solid financials
- Dining room with over 50 seats, full bar, and spacious outdoor patio (30+ seats)
Property Analytics
Property Profile
Current Use
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 - Thriving restaurant with dining room, bar, and patio.
Where is this conventional restaurant located?
The property is located at 501 Park Ave Portsmouth, RI.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: Highly desirable location near Portsmouth Beaches; Established restaurant with loyal customer base and solid financials; Dining room with over 50 seats, full bar, and spacious outdoor patio (30+ seats)
