News: Rhode Island

Waldman & Assocs. sells 6,671 s/f mixed-use property for $950,000

200 Waterman Street - Providence, R.I.

Providence, RI Dan Waldman, owner/broker of Waldman & Associates sold 200 Waterman St. for $950,000.The 6,671 s/f property  consists of a 2,170 s/f former dental practice and five apartments (1 two bedroom, 2 one bedroom and 2 studios) is located on the corner of Waterman and Gano St.  

Waldman said, “This was a challenge to sell because there was a vacant dental office and two vacant apartments. Shortly after the marketing started there were numerous showings and offers from both local investors as well as investors from R.I., Mass., Conn. and even one from Florida. Several parents with children at Brown University also toured the property. We received many offers from multiple sources. Several investors wanted to demolish the dental office and add apartments but needed time for permitting.  Several dentists also looked at the property and made offers.”

Eli Sansousi of The Starbridge Group represented the buyer.

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