Block Island RI Commercial for Sale
$4,850,000
234 Water Street Block Island, RI 02807
- Type:
- General Commercial
- Sq.Ft.:
- 10,008
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.23 Acres
- Year built:
- 2001
- Baths:
- MLS#:
- 1376252
- Subdivision:
- Old Harbor
View additional info
Courtesy: Ballard Hall Sales Group
401-466-8883
ADDITIONAL INFORMATION
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!
The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide MLS. 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. Copyright © 2025 State-Wide MLS, Inc. All rights reserved.
Block Island Real Estate
The median home value in Block Island, RI is $2,062,500. This is higher than the county median home value of $542,000. The national median home value is $338,100. The average price of homes sold in Block Island, RI is $2,062,500. Approximately 17.25% of Block Island homes are owned, compared to 6.18% rented, while 76.57% are vacant. Block Island real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Block Island real estate agent to arrange a tour today!
Block Island, Rhode Island has a population of 830. Block Island is less family-centric than the surrounding county with 14.71% of the households containing married families with children. The county average for households married with children is 25.16%.
The median household income in Block Island, Rhode Island is $72,279. The median household income for the surrounding county is $92,001 compared to the national median of $69,021. The median age of people living in Block Island is 47 years.
Block Island Weather
The average high temperature in July is 78.8 degrees, with an average low temperature in January of 24.3 degrees. The average rainfall is approximately 44.4 inches per year, with 26.4 inches of snow per year.