506 Park Avenue

For Sale

506 Park Avenue, Portsmouth, RI 02871

This Portsmouth property for sale is located at 506 Park Avenue. The general use of 506 Park Avenue is unassigned and it incorporates 4,044 square feet of class C unassigned space. The current listed sale price for 506 Park Avenue is $849,000. 506 Park Avenue is situated on a lot that is 0.3 acre in size.

Contacts

Suzanne Kekligian

REMAX Professionals

Joseph Rose

REMAX Professionals

Property Details

  • 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 11, 2026

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!

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Getting around

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Location

  • City Portsmouth, RI
  • Neighborhood Island Park
  • Zip Code 02871
  • Market Providence

Points of Interest

  • Portsmouth Junction

    3.89 miles

  • Patriot Patroleum

    1.07 miles

  • Cumberland Farms

    1.15 miles

  • Chargepoint

    2.43 miles

  • Mobil

    3.91 miles

  • JuiceBox

    4.10 miles

  • Shell

    4.23 miles

  • 7-Eleven

    4.66 miles

  • Patriot Petroleum

    5.36 miles

  • Town Farm Complex Parking

    3.31 miles

  • Parking Garage

    4.45 miles

  • Employee Parking

    4.51 miles

  • NUWC Security

    7.72 miles

  • USCG Parking

    7.86 miles

  • Tillinghast Place Lot

    8.73 miles

  • Town Beach Parking

    9.33 miles

  • Colbert Plaza

    9.52 miles

  • Ellery Lot

    9.64 miles

  • Founder's Brook Motel & Suites

    0.88 miles

  • The Governor Bradford House

    3.51 miles

  • NewAmbassador Innport

    6.90 miles

  • Travelodge Newport Area/Middletown

    7.20 miles

  • Sonesta Select Newport Middletown

    7.49 miles

  • Quality Inn & Suites Middletown - Newport

    7.55 miles

  • Holiday Inn Express

    7.63 miles

  • Ramada

    7.72 miles

  • Howard Johnson Inn - Newport Area / Middletown

    8.39 miles

  • Residence Inn Newport / Middletown

    8.41 miles

  • Clement's Marketplace

    1.96 miles

  • Tom's

    3.20 miles

  • Stop & Shop

    6.89 miles

  • Gray's General Store

    7.08 miles

  • ALDI

    7.59 miles

  • Blount Clamshack & Market

    7.72 miles

  • Tom's Market

    7.79 miles

  • Marshalls

    7.87 miles

  • Prica Farina

    7.95 miles

  • Shaw's

    8.19 miles

Contact 506 Park Avenue
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