Jewelry District building sells for $2M

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THE THREE-STORY BUILDING at 71-85 Richmond St. in Providence, pictured at center and left, sold in mid-July for $2 million, about twice its assessed value. / PBN PHOTO/MARY MACDONALD
PROVIDENCE – A three-story building at 71-85 Richmond St. sold in mid-July for $2 million, about twice its assessed value. The property owned by Asset Preservation Inc. was sold to Seventy One Richmond LLC on July 12. The property, constructed in 1900, consists of a 14,434-square-foot brick building. It is home to multiple tenants, including…

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