85 OCEAN AVE
BLOCK ISLAND, RI 02807

$2,375,000

0 Beds

3 Baths

2,992 Sq Ft

Status Active

MLS# 1354663

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.

Details for 85 OCEAN AVE

$794 / Sq Ft

0 parking spaces

Bottle Gas, Forced Air

63 Days on website

0.6899 acres lot

Interior

Appliances

Gas Water Heater, Exhaust Fan, Range Hood, Microwave

Bathrooms Full

Bathrooms Total

Fireplace Features

None

Flooring

Ceramic Tile

Interior Features

Attic, Attic Stairs, Attic Storage, Internal Expansion, Stairs, Walls: Dry Wall, Plumbing: Mixed, Insulation: Ceiling, Walls

Laundry Features

Living Area

2,992 SqFt.

Building And Construction

Accessibility Features

Flat Thresholds, Ramps (No Steps), Accessible Doors

Building Features

Door Features

[]

Property Sub Type

Single Family Residence

Property Type

Residential

Security Features

[]

Window Features

Year Built

2018

Exterior And Lot

Exterior Features

Lot Features

Local Historic District, Sprinklers, Underground Utilities

Lot Size Acres

0.6899

Lot Size Square Feet

30054

Lot Size Units

Square Feet

Parking Features

No Garage

Patio And Porch Features

[]

Pool Features

[]

Waterfront Features

["Freshwater View", "Saltwater View", "Walk To Fresh Water", "Walk To Salt Water", "Walk To Water"]

Zoning

Utilities

Cooling

["None"]

Heating

Bottle Gas, Forced Air

Area And Schools

City

Block Island

Community Features

Marina, Shopping, Pool

County Or Parish

Washington

Subdivision Name

Town & Old Harbor

Financial Info

Buyer Agency Compensation^*

^*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Tax Annual Amount

$4,542.45

Tax Year

2023