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240 Bullocks Point Avenue East Providence

$699,000
0 448 sq ft

The Property

Iconic Ice Cream Shop in East Providence. Own a piece of East Providence history with this iconic ice cream shop, delighting customers since 1959. Perfectly positioned on the East Bay Bike Path, this legendary establishment is the first stop from Providence, drawing over a million visitors annually. Strategically located on the bustling East Bay Bike Path, ensuring a constant stream of foot and bike traffic.

Enjoy shaded picnic tables under mature trees, providing a welcoming atmosphere for patrons. A beloved community landmark with a long-standing reputation. Durable rubber roof for easy maintenance, 400 amp electrical unit, walk-in fridge, equipped with three Taylor soft-serve ice cream machines, full basement offering ample storage and potential for expansion. Situated in an overlay district with qualification for city grant money, offering endless opportunities for growth and expansion. Plenty of parking available for customers, ensuring convenience and accessibility.

This is an exceptional opportunity for investors or entrepreneurs looking to acquire a thriving business with a rich heritage and vast potential for future growth. Don’t miss the chance to own this beloved East Providence treasure!

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Listing Details

MLS Number

1361869

Lot Size:

0.07 acres

Features

  • Basement: Full
  • Business Center
  • Community Building
  • Jogging Paths
  • Play Ground
  • Restaurant(s)
  • Tennis Courts
  • Heating: No Heat
  • Type: Ice Cream/Frozen Yogurt
  • Year Built: 1959

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Market Trends for Commercial Properties
in East Providence

  • Overview
    Homes for Sale Today18-87.5% decrease in inventory
    New on Market *3-25% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$197.85$71 increase in List Price/Sq.Ft.
    Avg. Sale Price *$289,750$289,750 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *90.33%100% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$300.96$301 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *9393 increase in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Residential Properties Ltd.

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