85 Ocean Avenue Block Island, RI 02807
Listing Courtesy of: RHODE ISLAND / Lila Delman Compass / Wendy Crawford

  85 Ocean Avenue Block Island, RI 02807

Active (252 Days)
$2,100,000
3
BATH
2,992
SQFT

Description

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.

MLS #:
1354663
Taxes
$4,542(2023)
Lot Size
0.69 acres
Type
Single-Family Home
Year Built
2018
Views
Freshwater View, Water, Saltwater View
County
Washington County
Community
Town & Old Harbor

Listed By

Wendy Crawford, Lila Delman Compass
Source
RHODE ISLAND
Last checked Dec 6 2024 at 10:23 PM GMT+0000
Bathroom Details
  • Full Bathrooms: 3
Interior Features
  • Attic
  • Stairs
  • Attic Stairs
  • Attic Storage
  • Internal Expansion
  • Plumbing: Mixed
  • Insulation: Ceiling
  • Walls
  • Gas Water Heater
  • Microwave
  • Walls: Dry Wall
  • Exhaust Fan
  • Range Hood
Subdivision
  • Town & Old Harbor
Lot Information
  • Sprinklers
  • Underground Utilities
  • Local Historic District
Property Features
  • Fireplace: None
  • Fireplace: 0
  • Foundation: Slab
Heating and Cooling
  • Forced Air
  • Bottle Gas
  • None
Flooring
  • Ceramic Tile
Utility Information
  • Sewer: Connected, Public Sewer
Parking
  • No Garage
Stories
  • 2
Living Area
  • 2,992 sqft
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Sep 12, 2024
Price Changed
$2,100,000
-12%
-275,000
Mar 29, 2024
Original Price
$2,375,000
-
-

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by Williams and Stuart Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: 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. Information is deemed reliable but is not guaranteed. © 2024 State-Wide Multiple Listing Service. All rights reserved. 12/6/24 14:23