For Sale
$1,200,000

501 Park AvePortsmouth, RI 02871

Established eatery, high-traffic location, ample parking.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional restaurant opportunity is located at 501 Park Avenue in Portsmouth, Rhode Island, 02871. The property, built in 1950, offers 1,449 square feet of interior space on a single story, situated on a 15,000 square foot lot. The restaurant features a dining room with seating for over 50 patrons, a full bar, and a spacious outdoor patio capable of seating 30 or more guests. The property includes 24 parking spaces, a significant advantage in a high-traffic area. The restaurant enjoys a loyal customer base and strong financial performance, presenting a solid foundation for continued success. Conveniently located near Portsmouth Beaches and a short drive from Route 24, this year-round establishment benefits from high visibility and accessibility. The existing 100-amp circuit breaker electrical system and connected water supply are complemented by a septic system. The property is also conveniently located near a marina, shopping, and swimming areas. The business offers ample opportunity for expansion, including extended operating hours and menu diversification, making it an attractive investment for growth-minded entrepreneurs. Aerial photos are available upon request. Asking price is $1,200,000. Broker co-op is available.

Highlights

  • 100-amp circuit breaker electrical system.
  • Connected water supply.
  • Septic system.
  • Aerial photos available.
  • Prime location near marina, shopping, and swimming areas.

Property Details for 501 Park Ave

Property type
Retail properties, Restaurants
Square Feet
1,449 SF
Year Built
1950
Stories
1

Location Insight

City
Portsmouth
County
Newport
State
Rhode Island
Latitude
41.6233615
Longitude
-71.2271515
501 Park Ave, Portsmouth, Rhode Island

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
501 Park Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message