About This Home
This 0-bedroom, 0-bathroom commercial at 212 Water Street in Block Island, RI is listed for $8,995,000 ($1,192 per sqft). Built in 1893, the home offers 7,546 sqft of living space on a 0.22 acres lot.
Key Features
- Built in 1893
- 0.22 acre lot
- 3 stories
Property Details
Amenities
THE 212 offers a rare opportunity to acquire one of Block Island's premier waterfront hospitality destinations in the heart of Old Harbor. Following a multi-year transformation and more than $7.6 million invested, this iconic property has been redeveloped into a turnkey hospitality platform.
Just steps from the Block Island Ferry and surrounded by the island's restaurants, shops, beaches, and marinas, the property features multiple income-producing components, including guest accommodations, acclaimed food and beverage venues, retail space, and employee housing.
More than real estate, THE 212 is an established destination with brand recognition, operational infrastructure, furnishings, equipment, and systems in place. Opportunities of this scale and prominence on Block Island are exceptionally rare. Ideal for hospitality operators, investors, family offices, boutique hotel groups, and 1031 exchange buyers seeking an irreplaceable coastal asset with immediate operational capability.
Confidential financial and operational information is available to qualified purchasers upon execution of a confidentiality agreement.
Monthly Cost Estimate
$48,107/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
212 Water Street
Block Island, RI 02807
Old Harbor
Features & Amenities
Interior Features
Property Details
Construction
Views
Heating
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 212 Water Street is listed at $8,995,000 ($1,192/sqft). The estimated monthly payment is $48,108 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1893, 0.22 acre lot, 3 stories. Interior Features: Ceiling Height (7 to 9 Ft), Ceiling Height (9 to 12 Ft).
This property is listed by Rosemary TOBIN.
Rosemary TOBIN
Agent at Lila Delman Compass