New Listing - 01/15/2025
234 Water Street, Block Island, RI, 02807
2001
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!
Status:
Active
Type:
Commercial
Furnished Remarks:
Furnished
Laundry Remarks:
In Unit
Units:
2
Zoning:
OHC
Frontage:
75
Complex:
Old Harbor
Heating:
Baseboard, Zoned
Cooling:
Central Air, Heat Pump
Basement:
None
Parking:
8-car
Acreage:
0.23
Est. Taxes:
$15,933
Assessment
$2,886,500
Permitted Use
Investment,Mixed Use,Residential,Retail
Construction
Frame,Other
Utilities
Electricity Available,Fiber Optic Available,Natural Gas Connected,Municipal Utilities,Other,Water Connected,Sewer Connected
View Description:
Water
Amenities:
RestaurantMarina, Restaurant
Days on Market:
4
MLS #:
1376252
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Ballard Hall Sales Group Phone: 401-466-8883