501 Park Avenue
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$849,900

501 Park Avenue
Portsmouth, RI 02871
Listed by Doug Jeffrey
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1950

About this home

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.

Property details

MLS #
1366544
Property type
Commercial,Commercial Sale
Subdivision
N/A
Status
Active
Days on market
684
On market date
August 19, 2024
Stories
1
Garage spaces
N/A
Lot size
15,000 sqft
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Fort Barton School
0.91 mi away · Grades 0-4
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
202
Student:teacher ratio
14.4:1
District
Tiverton
Middle
Tiverton Middle School
3.52 mi away · Grades 5-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
503
Student:teacher ratio
10.7:1
District
Tiverton
High
Portsmouth High School
1.38 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
824
Student:teacher ratio
11.8:1
District
Portsmouth

Mortgage calculator

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Est. monthly payment
$5,268/mo
$169,980 down
$679,920 loan
Principal & interest$4,410
Property tax (est.)$708
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated July 9, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.