For Sale
$1,200,000

501 Park AvePortsmouth, RI 02871

Thriving eatery, high-traffic location, strong financials.

Overview

Added:
Feb 3
Days on market:
63
This exceptional restaurant property at 501 Park Avenue in Portsmouth, Rhode Island, presents a unique investment opportunity. Situated on a 0.34-acre lot, the 1,449 square foot building enjoys a highly desirable location near popular Portsmouth beaches, ensuring a consistent flow of both local and tourist clientele throughout the year. The well-established business boasts a loyal customer base and a proven track record of strong financial performance. The interior features an inviting dining room with seating for over 50 guests, complemented by a full-service bar. Adding to its appeal is a spacious outdoor patio, providing additional seating for 30+ patrons, ideal for enjoying the pleasant Rhode Island weather. Its convenient proximity to Route 24 ensures easy accessibility for customers. This turnkey operation offers significant potential for growth through extended operating hours and menu diversification, allowing a new owner to capitalize on the existing strong foundation and further enhance profitability. The property is priced at $1,200,000 and represents a compelling investment in a thriving coastal community. This is a rare chance to acquire a successful, established restaurant with significant upside potential.

Property Details for 501 Park Ave

Property type
Square Feet
1,449 SF
Year Built
1950
Lot Size (sq. ft)
14,810 SF

Location Insight

City
Portsmouth
County
Newport
State
Rhode Island
Latitude
41.62336
Longitude
-71.22712
501 Park Ave, Portsmouth, Rhode Island

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501 Park Ave
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