506 Park Avenue

506 Park Avenue, Portsmouth, RI 02871

Property Information

  • For Sale $849,000
  • Property Type Unassigned
  • Property Size 4,044 SF
  • Lot Size 0.3 Acre
  • # of Floors 2
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1940
  • Year Renovated 2019
  • Date Updated Nov 12, 2026

Description

Exceptional Coastal Restaurant & Real Estate Opportunity in Portsmouth Situated Across from the Sakonnet River!

Welcome to 506 Park Avenue, a meticulously newly renovated property offering 4,044 square feet located in Portsmouth's charming Island Park waterfront community. 

Step inside to an inviting atmosphere with seating for 133 guests, a welcoming bar, and a cozy fireplace perfect for New England evenings. The rich interior features French blue and white bistro furnishings, newly renovated wood floors and a cozy fireplace creating a warm, memorable dining experience.

An immaculate commercial kitchen offers possibilities for a restaurant, café, or specialty food concept. The 2nd floor features two bedrooms and one bathroom, offering potential for office, residential use, or rental income opportunities.  Investors/developers may also explore other potential investment opportunities for the building such as converting the real estate into multi-family homes or condos in accordance with local zoning

Entertain outdoors on the spacious fenced-in patio with additional seating for up to 40 guests!

Ideally situated near waterfront attractions, beaches, year-round residents, and seasonal visitors, this distinctive property offers exciting possibilities for restaurateurs, entrepreneurs, investors and developers.

Bring your vision and next great concept to Island Park!

Exceptional Coastal Restaurant & Real Estate Opportunity in Portsmouth Situated Across from the Sakonnet River!

Welcome to 506 Park Avenue, a meticulously newly renovated property offering 4,044 square feet located in Portsmouth's charming Island Park waterfront community. 

Step inside to an inviting atmosphere with seating for 133 guests, a welcoming bar, and a cozy fireplace perfect for New England evenings. The rich interior features French blue and white bistro furnishings, newly renovated wood floors and a cozy fireplace creating a warm, memorable dining experience.

An immaculate commercial kitchen offers possibilities for a restaurant, café, or specialty food concept. The 2nd floor features two bedrooms and one bathroom, offering potential for office, residential use, or rental income opportunities.  Investors/developers may also explore other potential investment opportunities for the building such as converting the real estate into multi-family homes or condos in accordance with local zoning

Entertain outdoors on the spacious fenced-in patio with additional seating for up to 40 guests!

Ideally situated near waterfront attractions, beaches, year-round residents, and seasonal visitors, this distinctive property offers exciting possibilities for restaurateurs, entrepreneurs, investors and developers.

Bring your vision and next great concept to Island Park!

Contacts

Location

Located at 506 Park Avenue, Portsmouth, RI 02871, this property is part of the Island Park neighborhood and Providence market.

Contact 506 Park Avenue
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