About This Home

This 0-bedroom, 0-bathroom commercial at 501 Park Avenue in Portsmouth, RI is listed for $695,000 ($480 per sqft). Built in 1950, the home offers 1,449 sqft of living space on a 0.34 acres lot.

Key Features

  • Built in 1950
  • 0.34 acre lot
  • 24 parking spaces

Property Details

1 story
24 spaces
1950
Listing Description

Located near the popular Portsmouth Beaches, this thriving restaurant enjoys a prime location that attracts both locals and visitors year-round. The inviting dining room accommodates over 50 guests, complemented by a full-service bar and a spacious outdoor patio with seating for 30+.

Just minutes from Route 24, this well-established venue boasts a loyal customer base and strong financial performance. With potential to expand operating hours and diversify the menu, this restaurant presents a fantastic opportunity for growth and increased revenue.

Monthly Cost Estimate

$3,717/mo

20% down · 6.5% · 30 years

Principal$503
Interest$3,012
Insurance$203

Estimates only. Actual payments may vary.

Location

501 Park Avenue

Portsmouth, RI 02871

Features & Amenities

Interior Features

Ceiling Height (7 to 9 Ft)

Property Details

Construction

Frame

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 501 Park Avenue is listed at $695,000 ($480/sqft). The estimated monthly payment is $3,717 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1950, 0.34 acre lot, 24 parking spaces. Interior Features: Ceiling Height (7 to 9 Ft).

This property is listed by Doug Jeffrey.

DJ

Doug Jeffrey

Agent at Broadway RE Group LLC

Listed by Broadway RE Group LLC · Broker phone: (401) 255-5530 · Broker website

MLS# 1366544· Source: State Wide MLS of Rhode Island, Inc.· 805 days on PropertySimple

Copyright © 2026 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.

501 Park Avenue, Portsmouth, RI 02871

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