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.