376 Bullocks Point Avenue East Providence

$1,850,000
24,829 sq ft

The Property

Incredible investment opportunity in the heart of Riverside, RI! This thriving, long-established restaurant has been successfully operating for 30 years and continues to draw a loyal customer base. The property sits on an expansive 25,000 sq. ft. lot, offering rare development potential for 40–50 residential units with the added vision of a rooftop restaurant showcasing stunning water views.

Inside, the restaurant and lounge have just been newly renovated, featuring modern, aesthetically pleasing finishes that create an inviting atmosphere for dining and entertainment. The building has been well maintained, ensuring a smooth transition for the next owner. Continue operating a proven, profitable restaurant, pursue a dynamic mixed-use redevelopment, this property presents an unmatched opportunity in a prime location. A true gem for investors, developers, or restaurateurs looking for growth and long-term value in East Providence.

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Listing Details

MLS Number

1397998

Lot Size:

0.57 acres

Features

  • Heating: Central
  • Heating Fuel: Central
  • Urban
  • Year Built: 1940

Market Trends for Commercial Properties
in East Providence

  • Overview
    Homes for Sale Today22-86.7% decrease in inventory
    New on Market *2-60% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$0.94$205 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$262,500$262,500 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *77.51%100% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$79.97$80 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *139139 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 Century 21 Limitless

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