15 Point Road, a waterfront restaurant along the Sakonnet River, is on the market for $2.4 million while remaining open for business, offering new owners a rare opportunity to take over an established dining destination.
The free-standing commercial property, built in 1940, sits on 0.24 acres in the Island Park neighborhood and comes fully furnished with fixtures, furnishings and equipment, according to the listing from Gustave White Sotheby’s International Realty.
Owners Sean and Carly Smith opened the restaurant in 2010 after working in the restaurant industry for a combined 30 years. The couple, who met at Roger Williams University, created the establishment with a vision of bringing family and friends together for memorable dining experiences while enjoying views of the Sakonnet River.
The restaurant features two indoor dining rooms — one on a lower level and one on an upper level with water views — plus a full bar, outdoor dining area and an outdoor bar overlooking the water. On-site parking is included.
Listing agents say in the real estate listing that the business has a loyal customer base and dedicated staff already in place, positioning it for a seamless ownership transition.
The restaurant currently operates Tuesday through Friday from 5 to 8:30 p.m., Saturday from 4:30 to 8:30 p.m. and Sunday from 4 to 8:30 p.m., according to its website. The establishment is rated the No. 1 restaurant in Portsmouth on Tripadvisor.
The property carries annual taxes of $5,559. Financial information is available through the listing agents, who can be reached at 401-849-3000.