Homes for sale - 234 Water ST, Block Island, RI 02807

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Sheena Ruggirello

sheena.ruggirellos@gmail.com +1(860) 222-4734

$4,850,000

Est. payment - /mo

10,008 SqFt

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UPDATED:

02/22/2025 05:22 AM

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 10,008 sqft

Price per Sqft $484

Subdivision Old Harbor

MLS Listing ID 1376252

HOA Y/N No

Abv Grd Liv Area 10,008

Year Built 2001

Annual Tax Amount $15,933

Tax Year 2024

Lot Size 10,018 Sqft

Acres 0.23

Property Sub-Type Commercial

Property Description

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!

Location

State RI

County Washington

Community Old Harbor

Zoning OHC

Rooms

Basement None

Interior

Heating Baseboard, Zoned

Cooling Central Air, Heat Pump

Furnishings Furnished

Laundry In Unit

Exterior

Community Features Marina, Restaurant

Utilities Available Electricity Available, Fiber Optic Available, Natural Gas Connected, Municipal Utilities, Other, Water Connected, Sewer Connected

Amenities Available Restaurant

View Y/N Yes

View Water

Street Surface Asphalt

Total Parking Spaces 8

Building

Building Description Frame,Other, Public Restrooms

Foundation Slab

Sewer Connected

Water Connected, Multiple Meters, Public

Structure Type Frame,Other

New Construction No

Others

Tax ID 234WATERSTNSHM

Security Features Security System,Carbon Monoxide Detector(s),Fire Alarm,Smoke Detector(s),Building Security,Fire Sprinkler System

Virtual Tour https://youtu.be/jMfaeH57kj0?rel=0

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Listed by Ballard Hall Sales Group

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Sheena Ruggirello

+1(860) 222-4734

Agent | License ID: CN234452

Agent License ID: CN234452

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234 Water ST Block Island, RI 02807

Sheena Ruggirello

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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