506 Park Avenue, Portsmouth, RI 02871

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 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, 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!