212 Water Street Block Island, RI $ 8,995,000
212 Water Street
$ 8,995,000
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212 Water Street

Block Island, RI, 02807
$ 8,995,000
Bedrooms-- Baths-- Sq 7,546

Monthly Estimate*

$ 56,795

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Commercial Property for sale in Block Island, RI

for $8,995,000. This 7,546 square foot building was built in 1893 on a lot size of 0.22.

THE 212 presents a rare opportunity to acquire one of Block Island's premier waterfront hospitality destinations in the heart of Old Harbor. Following a comprehensive multi year transformation, this iconic property has been reimagined into a fully operational, turnkey hospitality platform. Just steps from the Block Island Ferry and surrounded by the Island's restaurants, shops, beaches, and marinas, THE 212 offers multiple income producing components, including guest accommodations, acclaimed food and beverage venues, retail space, and employee housing. More than a real estate investment, THE 212 is an established destination with exceptional brand recognition, proven operational infrastructure, furnishings, equipment, and systems already in place, allowing for immediate continuation of operations. Opportunities of this scale, quality, and prominence on Block Island are exceptionally rare. The property is ideally suited for hospitality operators, private investors, family offices, boutique hotel groups, and 1031 exchange buyers seeking a legacy coastal asset with significant long term value and immediate income potential. Confidential financial and operational information is available to qualified purchasers upon execution of a confidentiality agreement.

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Commercial Active

Price

$ 8,995,000

Property Type

Commercial

Taxes

$ 12,030

Style

Lot Size

0.22

Year Built

1893

Town/City

Block Island

County/Region

Washington

MLS | Web ID

1417945

Features
General
Sewer Public Sewer Sanitary
Heating Forced Air
Utilities Electricity Available
Possession Immediately
Zoning OHC
Construction Materials Frame Masonry
Year Built 1893
Electric 3 Phase 200+ Amp Service Circuit Breakers
View Water
Stories Count 3
Levels Three Or More
Property Subtype Commercial
Tax Year 2025
Business Type Bar/Tavern/Lounge Commercial Hotel/Motel Hospitality Mixed Restaurant Rental Retail
Community Features Marina Pool Recreation Area Restaurant Shopping Sidewalks Street Lights
Business Name THE 212
County Washington
New Construction false
Property Type Commercial Sale
Subdivision Name Old Harbor
Status Active
City Block Island
Number Of Units Total 3
Lot Size Units Square Feet
Lot Size Square Feet 9583
Property Attached Y/N true
Land Lease Y/N false
Tax Annual Amount 12030
Virtual Tour https://tour.RiLiving.com/212-Water-Street-Block-Island-RI-02807
Standard Status Active
Tax Assessed Value 2088600
Tax Lot 157
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Interior
Basement Crawl Space
Total Stories 3
Heating Y/N true
Total Baths 0
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Exterior
Lot Features Historic District
Water Source Public
Total Parking 0
Lot Size Area 9583
Foundation Details Concrete Perimeter Slab
Number of Buildings 1
Building Area Total 7546
Lot Size Acres 0.22
Road Surface Type Asphalt Paved
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* Excluded Features
List By
Lila Delman Compass

Broker

Rosemary.Tobin@LilaDelman.com

Email

Affordability Calculator

$57,798
Per Month
98%
2%
0%
Monthly Principal & Interest
$56,795
Monthly Property Taxes
$1,003
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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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Nearby
0 Elementary School
0 Middle School
Pricing History
DatePricePrice ChangeDescription
7/15/2026$8,995,000 Listed Price

Map


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212 Water Street, Block Island, RI, 02807 is a Commercial Property for sale at $8,995,000 with 7,546 sqft and a lot size of 0.22. 212 Water Street was built in 1893. The property's zip code is 02807 which is in Block Island, RI