85 Ocean Avenue Block Island, RI $ 2,950,000
85 Ocean Avenue
$ 2,950,000
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85 Ocean Avenue

Block Island, RI, 02807
$ 2,950,000
Bedrooms-- Baths-- Sq 4,488

Monthly Estimate*

$ 18,627

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Commercial Property for sale in Block Island, RI

for $2,950,000. This 4,488 square foot building was built in 2018 on a lot size of 0.69.

85 Ocean Avenue represents a rare opportunity to acquire a fully renovated hospitality property offering exceptional convenience to the ferry, beaches, restaurants, and shopping. Following an extensive redevelopment and full approval process, the building was thoughtfully transformed with a third floor expansion, modern accommodations, commercial kitchen, commercial laundry, updated common areas, and beautifully appointed bath facilities. Currently utilized as employee housing, the property offers exceptional flexibility for future hospitality or lodging operations. Located within the Service Commercial zoning district, the property offers exceptional flexibility for future use and long term potential.

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Commercial Active

Price

$ 2,950,000

Property Type

Commercial

Taxes

$ 12,030

Style

Lot Size

0.69

Year Built

2018

Town/City

Block Island

County/Region

Washington

MLS | Web ID

1419835

Features
General
Sewer Connected Public Sewer
Heating Forced Air
Cooling Window Unit(s)
Utilities Sewer Connected
Possession Close Plus 45 to 90 Days
Zoning SC
Security Features Security System Carbon Monoxide Detector(s) Fire Alarm Smoke Detector(s)
Year Built 2018
Electric 200+ Amp Service
View Water
Stories Count 3
Levels Three Or More
Property Subtype Commercial
Tax Year 2025
Business Type Hotel/Motel
Community Features Marina Pool Restaurant Shopping Sidewalks
County Washington
New Construction false
Property Type Commercial Sale
Subdivision Name Town
Possible Use Commercial Development Mixed Use Residential Retail
Status Active
City Block Island
Number Of Units Total 1
Lot Size Units Square Feet
Lot Size Square Feet 30056
Land Lease Y/N false
Tax Annual Amount 12030.34
Standard Status Active
Tax Assessed Value 1864200
Tax Lot 3-3
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Interior
Basement None
Total Stories 3
Basement (Y/N) false
Air Conditioning Y/N true
Heating Y/N true
Laundry Features Common Area
Total Baths 0
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Exterior
Water Source Connected Public
Total Parking 12
Inclusions The building is currently utilized as employee housing. Existing furnishings may be included and are negotiable.
Lot Size Area 30056
Foundation Details Slab
Number of Buildings 1
Building Area Total 4488
Lot Size Acres 0.69
Road Surface Type Dirt
Road Frontage Type City Street
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* Excluded Features
List By
Lila Delman Compass

Broker

Rosemary.Tobin@LilaDelman.com

Email

Affordability Calculator

$19,629
Per Month
95%
5%
0%
Monthly Principal & Interest
$18,627
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
8/6/2026$2,950,000 Listed Price

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85 Ocean Avenue, Block Island, RI, 02807 is a Commercial Property for sale at $2,950,000 with 4,488 sqft and a lot size of 0.69. 85 Ocean Avenue was built in 2018. The property's zip code is 02807 which is in Block Island, RI