Address
85 Ocean Avenue, Block Island, RI
Price
$ 2,375,000
Property Attributes
  • MLS#1354663
  • TypeSingle Family
  • CountyWASHINGTON
  • CityBlock Island
  • NeighborhoodTown & Old Harbor
  • Zip02807
  • StyleSingleFamilyResidence
  • Year Built2018
  • Taxes$ 4542
  • Price$ 2,375,000
  • Bedrooms0
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage2992
  • Lot Size0.6899 Acres
Data Source:
Rhode Island Statewide MLS (RIAR)
Property Description

Introducing The Gateway Commons, a remarkable commercial property ideally positioned just moments away from the dynamic town center. This meticulously maintained establishment, erected in 2017, currently thrives as a bar/restaurant and presents a myriad of business opportunities within the Block Island Service Commercial zone. Spanning two levels, the building boasts expansive dining and bar areas, two distinct kitchens, one with the potential for full-service capabilities, three bathrooms, an office space, and ample storage. The second floor holds promise for further development, with the potential to convert the unfinished attic into an apartment, pending planning and zoning approvals. With nineteen parking spots and full ADA compliance, this property is poised for diverse ventures in a highly accessible locale. Whether sustaining the existing enterprise or venturing into new realms, the Gateway Crossing building offers an exceptional platform for commercial success at the core of the community. The Old Island Pub Business is not for sale.

Price History
3/29/2024 Listed $2,375,000

General Features

Interior Features Attic,InternalExpansion,PermanentAtticStairs,CableTV
Sewer Connected,PublicSewer
Heating ForcedAir,Propane
Cooling None
Utilities SewerConnected,UndergroundUtilities
Possession Negotiable
Appliances ExhaustFan,GasWaterHeater,Microwave,RangeHood
Exterior Features SprinklerIrrigation
Zoning SC
HOA 0.0
Garage Spaces 0.0
Security Features SecuritySystemOwned
Construction Materials Drywall,Clapboard,ShingleSiding
Year Built 2018
Electric Item200AmpService
View Saltwater,Water
Stories 2
Levels Two
Property SubType SingleFamilyResidence
Tax Year 2023
Business Type Other
Waterfront Features WalktoWater
Community Features Marina,Other,Restaurant,Shopping,SeeRemarks
Accessibility AccessibilityFeatures,AccessibleApproachwithRamp,AccessibleDoors
County Washington
New Construction No
Property Type Residential
HOA / Comm Assn No
Attached Garage No
Subdivision Name Town & Old Harbor
Garage Y/N No
Total Rooms 4
Status Active
City Block Island
View Y/N Yes
Senior Community Y/N No
Lot Size Square Feet 30054.0
Waterfront Y/N No
Carport Y/N No
Street Name Ocean
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 4542.45
Home Warranty Y/N No
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Virtual Tour https://tour.RiLiving.com/85-Ocean-AV-Block-Island-RI-02807
Days on Market 10
Standard Status Active
Tax Assessed Value 943300
Tax Lot 3-3
Property Sub Type Additional SingleFamilyResidence
MobileHomeRemainsYN No

Interior Features

Basement None
Flooring CeramicTile
Fireplace Features None
Total Stories 2
Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N Yes
Fireplace Y/N No
Above Grade Finished Area 1496.0
Full Baths 3
Street Suffix Avenue
Below Grade Finished Area 1496.0
Electric On Property Y/N No
LivingAreaSource PublicRecords
Total Baths 3

Exterior Features

Parking Features NoGarage
Lot Features SprinklerSystem
Water Source Connected,Public
Total Parking 0.0
Lot Size Area 30054.0
Foundation Details Slab
Spa No
Building Area Total 2992.0
Lot Size Acres 0.6899
Frontage Length 70
Lot Size Units SquareFeet
Covered Spaces 0.0
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 02807

Price
AVG $3.32M
$2.38M
Taxes
AVG $8,367
$4,542
Visits
AVG 674
89
Data Provided by Inside Real Estate®
Year Built
AVG 1968
2018