506 Park Ave Portsmouth, RI $ 849,000
506 Park Ave
$ 849,000
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506 Park Ave

Portsmouth, RI, 02871
$ 849,000
Bedrooms-- Baths3.0 Sq 4,044

Monthly Estimate*

$ 5,864

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Commercial Property for sale in Portsmouth, RI

for $849,000 with 3 full baths. This 4,044 square foot building was built in 1940 on a lot size of 0.28.

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 bistro-style cross-back chairs with navy blue upholstered seats, coordinating wood tables and newly renovated wood floors. 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, 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.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!

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Commercial Active

Price

$ 849,000

Full Bath

3

Property Type

Commercial

Taxes

$ 4,422

Style

Lot Size

0.28

Year Built

1940

Town/City

Portsmouth

County/Region

Newport

MLS | Web ID

73601584

List By
Suzanne Kekligian

Listing Agent

Re/Max Professionals Of Newport

Broker

Affordability Calculator

$6,232
Per Month
94%
6%
0%
Monthly Principal & Interest
$5,864
Monthly Property Taxes
$369
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Pricing History
DatePricePrice ChangeDescription
11/12/2026$849,000 Listed Price

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506 Park Ave, Portsmouth, RI, 02871 is a Commercial Property for sale at $849,000 with 4,044 sqft and a lot size of 0.28. 506 Park Ave has 3.0 baths and was built in 1940. The property's zip code is 02871 which is in Portsmouth, RI