Contacts
REMAX Professionals
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!
Reach out to the broker for more info on lease terms and amenities
Getting around
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28/100
Walk Score ®
-
31/100
Bike Score ®
Location
- City Portsmouth, RI
- Neighborhood Island Park
- Zip Code 02871
- Market Providence
Points of Interest
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Portsmouth Junction
3.89 miles
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Patriot Patroleum
1.07 miles
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Cumberland Farms
1.15 miles
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Chargepoint
2.43 miles
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Mobil
3.91 miles
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JuiceBox
4.10 miles
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Shell
4.23 miles
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7-Eleven
4.66 miles
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Patriot Petroleum
5.36 miles
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Town Farm Complex Parking
3.31 miles
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Parking Garage
4.45 miles
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Employee Parking
4.51 miles
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NUWC Security
7.72 miles
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USCG Parking
7.86 miles
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Tillinghast Place Lot
8.73 miles
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Town Beach Parking
9.33 miles
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Colbert Plaza
9.52 miles
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Ellery Lot
9.64 miles
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Founder's Brook Motel & Suites
0.88 miles
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The Governor Bradford House
3.51 miles
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NewAmbassador Innport
6.90 miles
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Travelodge Newport Area/Middletown
7.20 miles
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Sonesta Select Newport Middletown
7.49 miles
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Quality Inn & Suites Middletown - Newport
7.55 miles
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Holiday Inn Express
7.63 miles
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Ramada
7.72 miles
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Howard Johnson Inn - Newport Area / Middletown
8.39 miles
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Residence Inn Newport / Middletown
8.41 miles
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Clement's Marketplace
1.96 miles
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Tom's
3.20 miles
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Stop & Shop
6.89 miles
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Gray's General Store
7.08 miles
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ALDI
7.59 miles
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Blount Clamshack & Market
7.72 miles
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Tom's Market
7.79 miles
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Marshalls
7.87 miles
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Prica Farina
7.95 miles
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Shaw's
8.19 miles