This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/40
85 Ocean Avenue, Block Island, RI 02807
$2,375,000
85 Ocean Avenue, Block Island, RI 02807View this property at 85 Ocean Avenue, Block Island, RI 02807
85 Ocean AvenueBlock IslandRI02807
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/40
Property Description
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, 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.
Full Property Details
Full Property Details for 85 Ocean Ave
General
- Price: $2,375,000
- Taxes: $4,542 (2023)
- Status: Active
- Type: Single Family
- MLS ID: 1354663
- Updated: 3/29/2024
- Added to Site: 49 day(s) ago
Business
- Business Type: Other
Interior
- Number of Rooms: 4
- Interior Features: Attic, Internal Expansion, Permanent Attic Stairs, Cable TV
- Fireplace(s): None
- Appliances: Exhaust Fan, Gas Water Heater, Microwave, Range Hood
- Flooring: Ceramic Tile
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Additional Information
- Security/Safety: Security System Owned
Exterior
- Exterior Features: Sprinkler/Irrigation
Parking
- Parking Features: No Garage
Location
- County: Washington
- Subdivision: Town & Old Harbor
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air, Propane
Utilities
- Sewer: Connected, Public Sewer
- Water: Connected, Public
- Utility Description: Sewer Connected, Underground Utilities
Structural Information
- Detached/Attached: Detached
- Construction: Drywall, Clapboard, Shingle Siding
- Basement Desc.: None
- Stories/Levels: 2
- Building Size: 2992
- Square Feet: 2,992
- Living Area: 2,992 Sq. Ft.
- Finished Total: 2,992 Sq. Ft.
- Finished Above Grnd: 1,496 Sq. Ft.
- Finished Below Grnd: 1,496 Sq. Ft.
- Year Built: 2018
Lot Features
- Property View: Saltwater, Water
- Lot Size (Acres): 0.6899
- Lot Size (Sq. Ft.): 30,054
- Lot Size: 30054
- Lot Features: Sprinkler System
Water Features
- Water View: Yes
- Water Front Desc.: Walk to Water
Financial Considerations
- Tax Amount: $4,542.45
- Tax Year: 2023
Disclosures and Reports
- Compensation Comments: Commission based on Final sale price.
- Property ID: 85OCEANAVNSHM
- Lot Number: 3-3
Listed by Lila Delman Compass
Get Pre-Approved Today
Schools
Schools serving 85 Ocean Ave
School District:New Shoreham Schools
Rating | Name | Grades | Distance |
---|---|---|---|
15 High St, Block Island, RI 02807 | K-12 | 1.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 85 Ocean Ave
Date
Details
Price
Change
Source
3/29/2024
Listed
$2,375,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 85 Ocean Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$5,678
8%
$943,200
27%
2022
$5,239
6%
$739,920
—
2021
$4,957
5%
$739,920
—
2020
$4,706
11%
$739,920
8%
2019
$4,233
117%
$687,200
110%
2018
$1,947
36%
$327,280
34%
2017
$1,427
3%
$243,440
—
2016
$1,392
4%
$243,440
—
2015
$1,341
-17%
$243,440
-20%
2014
$1,625
3%
$304,300
—
2013
$1,585
—
$304,300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 85 Ocean Ave
85 Ocean Avenue, Block Island, RI 02807 (MLS# 1354663) is a Single Family property with 0 bedrooms and 3 full bathrooms. 85 Ocean Avenue is currently listed for $2,375,000 and was received on March 29, 2024. Want to learn more about 85 Ocean Avenue? Do you have questions about finding other Single Family real estate for sale in Block Island? You can browse all Block Island real estate or contact a Coldwell Banker agent to request more information.