506 Park AVE, Portsmouth, RI 02871
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Fida Salameh

Fida Salameh

+1(401) 545-1158
$ 849,000
Est. payment | /mo

4,044 SqFt

Save
$ 849,000
Est. payment | /mo
Save

4,044 SqFt

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.
Fida Salameh

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(401) 545-1158

salamehfida25@gmail.com

70 Fieldside Drive, Woonsocket , Rhode Island 02895, USA

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Peace of mind Team, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

506 Park AVE