506 Park Ave

Portsmouth, RI 02871

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!

Listing courtesy of Suzanne Kekligian of RE/MAX Professionals of Newport



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Last checked 2026-11-14 12:12 AM UTC