News: Rhode Island
Posted: August 14, 2020
Conway Commercial Group sells 15,600 s/f for $287,000 to Peyser R.E. Group
Pawtucket, RI Jim Conway of Conway Commercial Group managed both sides of the sale of 71 Dexter St. The buyer is Peyser Real Estate Group, LLC, a developer from New Jersey. The seller is Dexter Realty, Inc.
Two story brick construction spanning a total of 15,600 s/f. The building sits in one of the city’s Opportunity Zones and is just steps from the new train station.
The sale took place in July at a sale price of $287,500
The developer plans to raze the building and, coupled with an adjacent property purchased from the city of Pawtucket, redevelop the entire site into a Class “A” mixed use development consisting of ground level retail storefronts and upscale residential housing offering underground parking. The properties proximity to the train station will make it a desirable location for commuters.
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Rhode Island
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