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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Our Executive Mortgage Banker:
Our Insurance Division:
$699,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $559,200 | $559,200 | $559,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | $198 | $198 | $198 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,398 | $3,398 | $4,419 |
Total Monthly Payment | $3,688 | $3,688 | $4,709 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.