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Listed price in listed location currency (USD).
$2,950,000

0012

MLS® 1419835

Overview

Key Facts

Type 
Levels Commercial Sale
Size 4488 sqft
Garage 
Taxes $12,030
Days Active 19
Lot Size 0.69 Acres
Approx. Age 2018
Avg. Price Per Sqft $657
MLS® Number 1419835

Property Address: 85 Ocean Ave, Block Island, RI, 02807-7728

Average square foot calculated using Size range provided by listing agent.

Description

85 Ocean Avenue represents a rare opportunity to acquire a fully renovated hospitality property offering exceptional convenience to the ferry, beaches, restaurants, and shopping. Following an extensive redevelopment and approval process, the building was thoughtfully transformed with a third floor expansion, modern accommodations, commercial kitchen, commercial laundry, updated common areas, and beautifully appointed bath facilities. The property is currently approved for use as a 10 room inn. Located within the Service Commercial zoning district, the property benefits from a broad range of potential uses. The district provides for a variety of residential, hospitality, business, service, and other uses, with certain uses requiring Special Use Permit or additional Town approvals. This combination of an established inn approval, extensive improvements, and flexible zoning creates compelling opportunities for future use and long term investment.
MLS® Number1419835
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age2018
BasementNone
Driveway
Garage Spaces
HeatForced Air
A/CWindow Units

Extras

The building is currently utilized as employee housing. Existing furnishings may be included and are negotiable.

Price History

Last Sold Price

$1,865,000$1.9M

Appreciation

--

Avg. Days Listed

354 days

Today, For Sale for $2,950,000

For Sale · 19 days

$2,950,000

MLS® 1419835

19 days ago

Not Sold Yet

August 2026, For Sale for $2,950,000

For Sale · 19 days

$2,950,000

MLS® 1419835

19 days ago

Not Sold Yet

March 2025, Sold for $1,865,000

Sold · 354 days

$1,865,000$1,895,000

MLS® 1354663

A year ago

Sold on Mar 19, 2025

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