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    501 Park Ave Portsmouth, RI 02871

    Sponsored
    For Sale
    $999,900

    COMMERCIAL - Portsmouth, RI

    Lot size:
    0.34 Acres
    Days on Market:
    83
    Last Refresh:
    Jan 6 at 5:06 pm

    Property Features for 501 Park Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Parking
    24
    Interior features
    Ceiling Height (7 to 9 Ft)
    Lot size
    0.34 Acres

    Utilities

    Sewer type
    Septic Tank

    Building Details

    Year built
    1950
    Floors in Building
    1
    Number of units
    1
    Building materials
    Frame

    Broadway RE Group LLC (401) 255-5530 [email protected]

    Listing agent Doug Jeffrey (401) 255-5530

    Listing date Oct 16, 2025

    Copyright © 2025 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.

    Overview

    Restaurant Near Portsmouth Beaches

    This thriving restaurant is located near the popular Portsmouth Beaches. The dining room accommodates over 50 guests and includes a full-service bar. A spacious outdoor patio offers seating for 30 or more. The property is located minutes from Route 24. This well-established venue has a loyal customer base and strong financial performance. The property is situated on a 0.34-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Graziano's 501 Café Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portsmouth
    County
    Newport
    State
    Rhode Island
    Longitude
    -71.227029
    Latitude
    41.623365

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    FAQs

    What type of property is this?
    Restaurant - Thriving restaurant with loyal customer base near Portsmouth beaches.
    Where is this 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: - 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), full-service bar, and spacious outdoor patio (30+ seating).
    (401) 255-5530
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    501 Park Ave Portsmouth, RI 02871
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    Portsmouth, RI 02871
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    501 Park Ave Portsmouth, RI 02871
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