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Bushra Wasim

bushrawasim277@gmail.com +1(401) 855-1518

$ 2,950,000

Est. payment -/mo

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Active

85 Ocean AVE Block Island, RI 02807

10 Beds

11 Baths

4,488 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 4,488 sqft

Price per Sqft $657

Subdivision New Harbor - Town

MLS Listing ID 1422479

Style Historic/Antique

Bedrooms 10

Full Baths 11

HOA Y/N No

Abv Grd Liv Area 4,488

Year Built 2018

Annual Tax Amount $12,030

Tax Year 2025

Lot Size 0.690 Acres

Acres 0.69

Property Sub-Type Single Family Residence

Property Description

85 Ocean Avenue presents a rare opportunity to acquire a newly renovated 10-room hospitality property on Block Island. Ideally positioned with convenient access to Old Harbor, beaches, shops, restaurants and all the Island has to offer, the property combines an established hospitality layout with significant income and future development potential. The flexible three-level configuration includes six spacious guest rooms on the first and second levels with shared bath facilities, a second-level kitchen and first-level laundry. The third level features four premium accommodations, including three queen guest rooms and one larger suite. The property has been thoughtfully renovated while maintaining a versatile layout well suited for an inn, hostel-style accommodations or other hospitality concepts. Illustrative nightly room rates support potential gross room revenue of approximately $5,000 per fully occupied night, providing an exciting opportunity for an investor or hospitality operator. In addition to the existing improvements, the property offers the potential for approximately 4,500 square feet of additional development, creating further possibilities for expansion and increased revenue. A distinctive commercial hospitality offering in one of Block Island's most desirable destinations. Projected income analysis and architectural plans are available upon request.

Location

State RI

County Washington

Community New Harbor - Town

Zoning SC

Rooms

Basement None

Interior

Interior Features Interior Steps, Tub Shower

Heating Forced Air, Gas

Cooling Ductless, Wall Unit(s)

Flooring Ceramic Tile, Hardwood, Laminate

Fireplaces Type None

Fireplace No

Appliance Exhaust Fan, Gas Water Heater, Oven, Range, Refrigerator, Range Hood, Washer

Exterior

Community Features Marina, Pool, Restaurant, Shopping, Sidewalks

Utilities Available Sewer Connected

Waterfront Description Walk to Water

View Y/N Yes

View Saltwater, Water

Handicap Access Accessible Approach with Ramp

Total Parking Spaces 12

Garage No

Building

Story 3

Foundation Slab

Sewer Connected, Public Sewer

Water Connected, Public

Architectural Style Historic/Antique

Level or Stories 3

Structure Type Drywall,Shingle Siding

New Construction No

Others

Senior Community No

Tax ID 85OCEANAVNSHM

Security Features Security System Owned

Listed by Lila Delman Compass

Bushra Wasim

Agent

+1(401) 855-1518

Bushra Wasim

85 Ocean AVE Block Island, RI 02807

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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85 Ocean AVE