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234 Water Street

Block Island, RI 02807
  • $4,850,000
  • STATUS: Active
  • ON SITE: 71 Days
  • MLS #: 1376252
UPDATED: 66 min ago
$4,850,000
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,008
    SQFT
  • $485
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2001
County:
Area:

School Ratings & Info

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!

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[Rhode Island Statewide MLS] logo

© 2025 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than The Quinn Group at RE/MAX RESULTS are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or The Quinn Group at RE/MAX RESULTS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-03-28T11:37:55.33.
www.weknowrhodeisland.com/homes/159467720
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234 Water Street Block Island, RI 02807

  • Price: $4,850,000
  • Status: Active
  • On Site: 71 Days
  • Updated: 66 min ago
  • MLS #: 1376252
0
Beds
0
Baths
0
½ Baths
0.23
Acres
10,008
SQFT
$485
$/SQFT
2001
Built
Neighborhood:
Old Harbor
County:
Washington
Area:
Block Island
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!
Exterior Features

Construction Materials Frame Other Foundation Details Slab Frontage Length 75 Parking Total 8 View Water View YN Yes

Interior Features

Basement None Basement YN No Building Features Public Restrooms Cooling Central Air Heat Pump Cooling YN Yes Furnished Furnished Heating Baseboard Zoned Heating YN Yes

Property Features

Association Amenities Restaurant Association Fee 0 Business Type Retail Community Features Marina Restaurant Electric 200+ Amp Service Human Modified YN No Land Lease YN No Laundry Features In Unit New Construction YN No Possible Use Investment Mixed Use Residential Retail Property Sub Type Commercial Road Surface Type Asphalt Security Features Security System Carbon Monoxide Detector(s) Fire Alarm Smoke Detector(s) Building Security Fire Sprinkler System Sewer Connected Tax Annual Amount 15933 Tax Assessed Value 2886500 Tax Lot 99 Tax Year 2024 Utilities Electricity Available Fiber Optic Available Natural Gas Connected Municipal Utilities Other Water Connected Sewer Connected Water Source Connected Multiple Meters Public Zoning OHC

[Rhode Island Statewide MLS] logo Listing information © 2025 State-Wide Multiple Listing Service.
Listing provided courtesy of Ballard Hall Sales Group: .



[Rhode Island Statewide MLS] logo

© 2025 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than The Quinn Group at RE/MAX RESULTS are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or The Quinn Group at RE/MAX RESULTS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-03-28T11:37:55.33.
 
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Cranston RI, 02920