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85 Ocean AVE Block Island, RI 02807
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Key Details
Sold Price $1,865,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Subdivision Old Harbor
MLS Listing ID 1355094
Sold Date 03/19/25
HOA Y/N No
Year Built 2018
Annual Tax Amount $4,542
Tax Year 2023
Lot Size 0.660 Acres
Acres 0.66
Property Sub-Type Business
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 2017-2018, 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.
Location
State RI
County Washington
Community Old Harbor
Zoning SC
Rooms
Basement None
Interior
Heating Forced Air
Cooling Partial
Furnishings Unfurnished
Exterior
Community Features Marina, Restaurant, Shopping, High Traffic Location
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Municipal Utilities, Water Connected, Sewer Connected
Amenities Available Restaurant
View Y/N Yes
View Water
Street Surface Dirt
Total Parking Spaces 18
Building
Lot Description Wetlands
Building Description Frame, Public Restrooms
Story 2
Foundation Slab
Sewer Connected, Sanitary
Water Public
Level or Stories 2
Structure Type Frame
New Construction No
Others
Tax ID 85OCEANAVNSHM
Security Features Closed Circuit Camera(s),Fire Alarm,Fire Sprinkler System
Financing Cash
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Bought with Lila Delman Compass
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