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506 Park AvenuePortsmouth, RI 02871Price: $849,000

  • Price: $849,000
  • 2 Days on Market
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Federal 30-year interest rate: 7.11% last updated on Nov 12, 2026
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  • $849,000List Price
  • 3Bathrooms
  • 0.28Acreage
  • 4,044Square Feet
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Listed by Suzanne Kekligian of RE/MAX Professionals of Newport
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, cafƩ, 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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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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