Price Reduced 11.58%
Price History
$2,375,000
3/29/2024
$2,100,000
9/12/2024
85 Ocean Avenue, Block Island, RI, 02807
2018
Introducing The Gateway Commons, a remarkable commercial property ideally positioned just moments away from the dynamic town center. This meticulously maintained establishment, erected in 2017-2018, 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.
Status:
Active
Type:
Commercial
Furnished Remarks:
Unfurnished
Units:
0
Zoning:
SC
Frontage:
70
Complex:
Old Harbor
Heating:
Forced Air
Cooling:
Partial
Basement:
None
Parking:
18-car
Acreage:
0.66
Est. Taxes:
$4,542
Assessment
$973,200
Permitted Use
Commercial,Residential,Recreational,Retail
Construction
Frame
Utilities
Cable Available,Electricity Available,Natural Gas Available,Municipal Utilities,Water Connected,Sewer Connected
Lot Description:
Wetlands
View Description:
Water
Amenities:
RestaurantMarina, Restaurant, Shopping, High Traffic Location
Days on Market:
178
MLS #:
1355094
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Lila Delman Compass Phone: 401-466-8777