506 Park AVE, Portsmouth, RI 02871
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Shaun Binner

Shaun Binner

Engel & Völkers

+1(772) 349-2771
$ 849,000
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506 Park AVE Portsmouth, RI 02871

4,044 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 4,044 sqft

Price per Sqft $209

Subdivision Island Park

MLS Listing ID 1427712

HOA Y/N No

Abv Grd Liv Area 4,044

Year Built 1940

Annual Tax Amount $4,422

Tax Year 2026

Lot Size 0.300 Acres

Acres 0.3

Property Sub-Type Commercial

Property 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. Entertain outdoors on the spacious fenced-in patio with additional seating for up to 40 guests! An immaculate commercial kitchen offers possibilities for a restaurant, caf , 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. 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!

Location

State RI

County Newport

Community Island Park

Rooms

Basement Full

Interior

Heating Ductless, Gas, Heat Pump

Cooling Ductless, Central Air

Furnishings Furnished

Exterior

Community Features Golf, Highway Access, Marina, Near Schools, Pool, Restaurant, Street Lights, Sidewalks

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Natural Gas Connected, Municipal Utilities, Water Connected

Total Parking Spaces 15

Building

Building Description Frame, Public Restrooms

Story 2

Foundation Concrete Perimeter

Sewer Septic Tank

Water Connected, Public

Level or Stories 2

Structure Type Frame

New Construction No

Others

Tax ID 506PARKAVPORT

Security Features Fire Sprinkler System

© 2026 State-Wide Multiple Listing Service. All rights reserved.
Listed by RE/MAX Profnl. Newport, Inc.
Shaun Binner

Shaun Binner

Growth Coordinator License ID: RES.0202685

+1(772) 349-2771

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