Price Reduced 11.58%
Price History
$2,375,000
3/29/2024
$2,100,000
9/12/2024
85 Ocean Avenue, Block Island, RI, 02807
4 rooms
0 beds
3 Full baths
2018
2,992 sqft
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.
Status:
Active
Type:
Single-family residential
Zoning:
SC
Frontage:
70
Subdivision:
Town & Old Harbor
Garage:
No Garage
Heating:
Forced Air, Propane
Cooling:
None
Basement:
None
Acreage:
0.69
Est. Taxes:
$4,542
Assessment
$943,300
Construction
Drywall,Clapboard,Shingle Siding
Utilities
Sewer Connected,Underground Utilities
Lot Description:
Sprinkler System
View Description:
Saltwater,Water
Amenities:
Marina, Other, Restaurant, Shopping, See Remarks
Days on Market:
178
Appliances:
Exhaust Fan, Gas Water Heater, Microwave, Range Hood
MLS #:
1354663
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Lila Delman Compass Phone: 401-466-8777