85 Ocean Avenue, Block Island, RI 02807
- $2,950,000
- List Price
- $2,950,000
- MLS#
- 1419835
- Status
- ACTIVE
- Type
- Commercial
- City
- Block Island
- County
- Washington
- Year Built
- 2018
Property Description
85 Ocean Avenue offers a rare opportunity to acquire a newly renovated 10-room hospitality property on Block Island. The flexible three-level configuration includes six spacious guest rooms on the first and second levels with shared bath facilities, a second-level kitchen and first-level laundry. The third level features four premium accommodations including three queen guest rooms and one larger suite. The property offers significant income-producing potential with illustrative nightly room rates supporting gross room revenue of up to approximately $5,000 per fully occupied night. Projected income analysis and architectural plans available upon request.
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Additional Information
- Cooling
- Window Unit(s)
- Sewer
- Connected, Public Sewer
- Taxes
- $12,030
- Community Features
- Marina, Pool, Restaurant, Shopping, Sidewalks
Mortgage Calculator
Listing courtesy of Lila Delman Compass. Contact: 401-741-1825
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