Active

234 Water Street

Block Island RI, 02807

$5,450,000


$544.56 per sqft

Active

10,008 sqft

Commercial

Built in 2001

Old Harbor is the center of Block Island's thriving tourism industry, known for its quaint streets, boutique shops, excellent dining, and proximity to the ferry. Located in the heart of Old Harbor, this mixed-use property presents a unique opportunity to own a piece of the island's vibrant community. Situated on a 10,000 sq ft lot with rare, dedicated parking, the property is designed for both function and convenience. The iconic main building includes three commercial units and three residential units, offering significant potential for investors. Built in 2000 in the historic Mansard style, the property blends modern amenities with architectural features that reflect the character of Block Island. Updates to the building include newer roof, windows, air conditioning, and decking. An additional 672 sq ft commercial outbuilding, originally built in 1900, adds further flexibility for various uses. Permitted uses by right include professional and business services, retail trade, restaurants, and physical fitness. Additional uses may be possible with a special use permit. Residential units can be offered for short-term or long-term rental or reserved for the owner's use. There is also potential for establishing a condominium ownership structure to maximize investment returns. With its prime location, sweeping harbor views, modern construction, and historical aesthetic, this property is well-suited to support a wide range of enterprises. Call for a showing today!

1376252

MLS ID

January 15, 2025

Listed

January 19, 2025

Updated

Map

234 Water Street
Block Island RI, 02807

Interior Features

Total Stories

0


Laundry Description

In Unit


Fireplace

No


Cooling

Yes


Cooling Description

Central Air, Heat Pump


Heating

Yes


Heating Description

Baseboard, Zoned

Exterior/Building Features

Lot Size

0.23 Acres


Sewer

Connected

Other Property Details

Taxes

$15,933


Tax Frequency

Annually


Days on Market

4


Association Amenities

Restaurant


Garage

No


Parking Total

8


View

Yes


View Description

Water


County

Washington


Water Source

Connected, Multiple Meters, Public


Pool

No


Zoning

OHC

 

Courtesy of Ballard Hall Sales Group

The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide MLS, Inc. Real estate listings held by brokerage firms other than Sotheby's Int Realty Affiliate are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed.

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Data last updated 5:46 PM UTC, 1/19/2025.

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