Price Reduced 11.58%

$2,100,000 ($701.87 per sqft)

Est. Mortgage $10,208/mo *

Quick Pre-Approval

Price History

$2,375,000
3/29/2024

$2,100,000
9/12/2024


85 Ocean Avenue, Block Island, RI, 02807

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