Restaurant Near Portsmouth
For Sale
$849,900
Pending
501 Park Avenue Portsmouth, Portsmouth, RI 02871
Thriving restaurant with dining room, bar, and patio.
Property Size1,449 SF
Days on Market209
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
Listed By:
Brian DaSilva
(774) 309-3101
Source:
Milestonerealtyinc
Added: Mar 26
Changed: Oct 7
Last Checked: Oct 7 at 9:40AM
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
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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
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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
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Market
Vacancy Rate% for Retail in Northeast region
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 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: 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)
