Online Property Bid Auction

Ideal Student Housing Redevelopment Opportunity!
Providence, Rhode Island

Open Bidding through May 24, 2012

Outstanding long-term student housing redevelopment opportunity on one of the nation’s most desirable Ivy League campuses in Providence, Rhode Island!

This 2.5 story stately Victorian Mansion was originally built in 1923 in the “Norman Farmhouse” construction manner, has picturesque massing with a classic high “hip” pitched roof covered in rustic thick slate shingles. The south side of this classically designed home has an arcaded terrace with “arch” brick frontage. The property’s premium Brown University campus double-lot was the former site of the “Robert H.I. Goddard House,” designed in 1882 by William A. Potter, a renowned New England architect of the period. The site sits on a 15,682 square foot double-lot.

A former St. Joseph’s church convent, the home in nearly 8,000 square feet, has 14 bedrooms (most with adjoining baths; 6.5 total), and was assessed at $2,105,000 in 2009!

Located in the heart of Brown University’s campus on College Hill, the property is within convenient walking distance to the Alpert Medical School, the School of Engineering, Brown’s Josiah Library, and the Watson Institute for International Studies.

The property site is prime for any appropriate commercial redevelopment use including lodging, hospitality, service, restaurant, upscale residential, bed & breakfast, or campus related activity center including administrative office or international house.

The property has been utilized as a primary residence for the last 40 years, but is commercial applicable. Once re-zoned, value will increase dramatically.

This is a great opportunity for development. Property opportunities like this location within the campus or Brown University are not commonplace, and seldom occur.

Located in the heart of Brown University's main campus on College Hill!

Register today at: www.BrownUniversityPropertyAuction.com to participate in this pending online property auction to be eligible to receive a “Best-Bidder" gift certificate for $10,000 at Home Depot should you close on this historic property!

Accepting online bids starting at $750,000

Home is open for bidding through May 24, 2012

Brokers Welcome!

Call Henry at 401-865-0500 or email him at: HenryDiamond@cox.net

Please Note: Neither you (bidder), nor the seller, are bound by any bid until this Brown University property is available for inspection, the online auction is held by the owner’s attorney, and both the buyer and seller (owner) have contractually agreed to the terms of real estate sale in accordance with all applicable Rhode Island real estate laws.