# 501 Park Avenue, Portsmouth, RI 02871

> **TL;DR:** commercial, $849,900, built 1950. Est. $3,683/mo. Listed 598 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $849,900 |
| Year Built | 1950 |
| Lot Size | 15,002 sqft (0.34 acres) |
| Stories | 1 |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 598 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $3,683 |
| **Total** | **$3,683** |

## Property Highlights

- Built in 1950
- 0.34 acre lot
- 24 parking spaces

## Description

### Agent Description
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.

## Location

- **Address:** 501 Park Avenue, Portsmouth, RI 02871
- **County:** Newport
- **Coordinates:** 41.623365, -71.227029
- **Google Maps:** https://www.google.com/maps?q=41.623365,-71.227029

## Listing Agent

- **Name:** Doug Jeffrey
- **Brokerage:** Broadway Real Estate Group
- **Phone:** (401) 255-5530
- **Email:** Doug@BroadwayReg.com

## Primary Photo

![501 Park Avenue - Primary Photo](http://lh.rdcpix.com/b49228fd245b167e8a19b9ccb8b76cf8l-f3346026064r.jpg)

*23 total photos available on [listing page](https://www.propertysimple.com/listing/501-park-avenue-portsmouth-ri-02871-1366544)*

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**MLS#:** 1366544 | **Updated:** 2026-04-25
**Source:** listhub

*Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/501-park-avenue-portsmouth-ri-02871-1366544)

---

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