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$2,400,000 Just Listed
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Property Description
Exceptional opportunity to own a free-standing waterfront restaurant in desirable Portsmouth, RI. This thriving, turnkey establishment comes fully furnished with fixtures, furnishings, and equipment (FF&E), making for a seamless transition to new ownership. The restaurant enjoys a loyal customer base and dedicated staff, offering immediate stability and continued success. Highlights include a full bar, two inviting indoor dining rooms-one on the lower level, and one on an upper level with sweeping water views-plus outdoor dining and a lively outdoor bar overlooking the water. Convenient on-site parking completes this rare chance to own a premier waterfront dining destination. Contact listing agent for financials.
Full Property Details
Full Property Details for 15 Point Rd
General
- Price: $2,400,000
- Taxes: $5,559 (2025)
- Status: Active
- Type: Commercial Service
- Source: STWMLS
- MLS ID: 1414258
- Updated: Today (6/9/2026)
- Added to Site: Today
Business
- Name: 15 Point Road Restaurant
- Business Type: Restaurant
- Seating Capacity: 100
Interior
- Furnished: Yes
- Furnishings: Furnished
Parking
- Total Spaces: 15
Location
- County: Newport
- Subdivision: Island Park
- Near Highway: Yes
Community
- Units Assoc/Comm: 1
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air
Utilities
- Sewer: Septic Tank
- Water: Connected
- Utility Description: Electricity Available, Natural Gas Available, Natural Gas Connected
Structural Information
- # Buildings: 1
- Detached/Attached: Attached
- Construction: Frame
- Stories/Levels: 2
- Building Size: 2500
- Finished Total: 2,500 Sq. Ft.
- Finished Above Grnd: 2,500 Sq. Ft.
- Year Built: 1940
Lot Features
- Property View: Water
- Lot Size (Acres): 0.24
- Lot Size (Sq. Ft.): 10,454
- Lot Size: 10454
- Frontage: City Street, Paved
- Sidewalks: Yes
- Lot Features: Corner Lot
Water Features
- Water View: Yes
Financial Considerations
- Tax Amount: $5,559
- Tax Year: 2025
Disclosures and Reports
- Documents Avail.: License(s)
- Inclusions: All FF&E, excluding leased dishwasher
- Property ID: 15POINTRDPORT
- Lot Number: 105
Listed by Gustave White Sotheby's Realty
Get Pre-Approved Today
Schools
Schools serving 15 Point Rd
School District:Portsmouth School District, Portsmouth, RI
| Name | Grades | Distance |
|---|---|---|
Howard Hathaway School 53 Tallman Avenue, Portsmouth, RI 02871 | K-4 | 1.4 mi |
Portsmouth Middle School, Portsmouth, RI 125 Jepson Lane, Portsmouth, RI 02871 | 5-8 | 5.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 15 Point Rd
Date
Details
Price
Change
Source
6/09/2026
Listed
$2,400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 15 Point Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,602
1%
$421,800
—
2024
$5,559
3%
$421,800
—
2023
$5,391
-14%
$421,800
5%
2022
$6,243
-51%
$401,200
—
2021
$12,802
103%
$401,200
4%
2019
$6,319
3%
$385,300
—
2018
$6,153
4%
$385,300
—
2017
$5,941
-1%
$385,300
2%
2016
$6,026
1%
$376,600
—
2015
$5,950
—
$376,600
—
2014
$5,950
4%
$376,600
-4%
2013
$5,723
—
$393,900
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 15 Point Rd
15 Point Road, Portsmouth, RI 02871 (MLS# 1414258) is a Commercial Service property. 15 Point Road is currently listed for $2,400,000 and was received on June 09, 2026. Want to learn more about 15 Point Road? Do you have questions about finding other Commercial Service real estate for sale in Portsmouth? You can browse all Portsmouth real estate or contact a Coldwell Banker agent to request more information.

