Thayer St. strip sells for $2.8M

The retail strip at 213-221 Thayer Street on the city’s East Side has sold for $2.8 million, real estate brokerage firm Peter M. Scotti & Associates Inc. announced Tuesday. More

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real estate

Thayer St. strip sells for $2.8M

COURTESY PETER M. SCOTTI & ASSOCIATES INC.
THE FIVE-STORE STRIP at 213-221 Thayer St. has sold for $2.8 million, a price per-square-foot of $761.
Posted 6/4/13

PROVIDENCE – The retail strip at 213-221 Thayer St. on the city’s East Side has sold for $2.8 million, real estate brokerage firm Peter M. Scotti & Associates Inc. announced Tuesday.

The five-store strip was purchased by AM Enterprises LLC from Jonowika Realty Corp.

Current tenants in the 3,712-square-foot strip, built in the late 1950s, include a hamburger restaurant, frozen yogurt shop and eyeglass store.

The sale had the second-highest price per-square-foot of building area, $761, in Providence this year, behind the $848-per-square-foot paid for 249 Thayer St. in January, broker Peter M. Scotti said in prepared remarks.

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