85 Ocean Avenue Block Island, RI $ 2,375,000
85 Ocean Avenue
$ 2,375,000
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85 Ocean Avenue

Block Island, RI, 02807
$ 2,375,000
Baths3.0 Sq 2,992

Monthly Estimate*

$ 15,785

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Studio

Single Family Home for sale in Block Island, RI

for $2,375,000 with 3 full baths. This 2,992 square foot home was built in 2018 on a lot size of 0.6899.

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.

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Single Family Active

Price

$ 2,375,000

Bedrooms

Studio

Full Bath

3

Property Type

Single Family

Taxes

$ 4,542

Style

SingleFamilyResidence

Lot Size

0.6899

Year Built

2018

Town/City

Block Island

County/Region

Washington

MLS | Web ID

1354663

Features
General
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 N
Property Type Residential
HOA / Comm Assn N
Attached Garage N
Subdivision Name Town & Old Harbor
Garage Y/N N
Total Rooms 4
Status Active
City Block Island
View Y/N Y
Senior Community Y/N N
Lot Size Units SquareFeet
Lot Size Square Feet 30054.0
Waterfront Y/N N
Carport Y/N N
Street Name Ocean
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 4542.45
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
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
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Interior
Basement None
Flooring CeramicTile
Total Fireplaces 0
Fireplace Features None
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 1496.0
Full Baths 3
Half Baths 0
Street Suffix Avenue
Total Bedrooms 0
Below Grade Finished Area 1496.0
Electric On Property Y/N N
Total Baths 3
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Exterior
Parking Features NoGarage
Lot Features SprinklerSystem
Water Source Connected Public
Total Parking 0.0
Lot Size Area 30054.0
Foundation Details Slab
Spa N
Building Area Total 2992.0
Lot Size Acres 0.6899
Frontage Length 70
Covered Spaces 0.0
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 85
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* Excluded Features
List By
Lila Delman Compass

Broker

wendy.crawford@liladelman.com

Email

Affordability Calculator

$16,163
Per Month
98%
2%
0%
Monthly Principal & Interest
$15,785
Monthly Property Taxes
$379
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
248553 Elementary School
248554 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/29/2024$2,375,000 Listed Price

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85 Ocean Avenue, Block Island, RI, 02807 is a Single Family Home for sale at $2,375,000 with 2,992 sqft and a lot size of 0.6899. 85 Ocean Avenue is a studio with 3.0 baths and was built in 2018. The property's zip code is 02807 which is in Block Island, RI