Thriving Restaurant Near Portsmouth
For Sale
$849,900
Pending
501 Park Avenue Portsmouth, Portsmouth, RI 02871
Well-established restaurant with loyal customer base near Portsmouth beaches.
Property Size1,449 SF
Days on Market105
Property Features for 501 Park Avenue Portsmouth
General Information
Standard status
Pending
Size
1,449 SF
Total Parking Spaces
24
Taxes and HOA fees
Annual Taxes
$2,665
Building Details
Building Size
1,449 SF
Year Built
1950
Buildings
1
Listing Agency:
(508) 501-1443
Listed By:
Brian DaSilva
(508) 501-1443
Source:
Milestonerealtyinc
Added: May 16
Changed: Aug 28
Last Checked: Aug 23 at 2:23AM
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 Brian DaSilva
Investment Insights
Based on property information with market context.
This thriving restaurant is located near the popular Portsmouth Beaches. The dining room accommodates over 50 guests and includes a full-service bar. There is also a spacious outdoor patio with seating for over 30 people. The property is located minutes from Route 24. The restaurant has a loyal customer base and strong financial performance. The property size is 1449 square feet. There is potential to expand operating hours and diversify the menu.
Key Highlights
- Prime location near Portsmouth Beaches attracting year‑round customers.
- Well‑established restaurant with a loyal customer base and strong financial performance.
- Inviting dining room (50+ guests) and spacious outdoor patio (30+ seating). Enjoy the full‑service bar.
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 - Well-established restaurant with loyal customer base near Portsmouth beaches.
Where is this conventional restaurant located?
The property is located at 501 Park Avenue Portsmouth 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: Prime location near Portsmouth Beaches attracting year‑round customers.; Well‑established restaurant with a loyal customer base and strong financial performance.; Inviting dining room (50+ guests) and spacious outdoor patio (30+ seating). Enjoy the full‑service bar.
