About This Home

This 0-bedroom, 0-bathroom commercial at 212 Water Street in Block Island, RI is listed for $7,800,000 ($1,034 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

3 stories
1893

Amenities

View
Listing Description

THE 212 presents a rare opportunity to acquire one of Block Island's premier waterfront hospitality destinations in the heart of Old Harbor. Following a comprehensive multi year transformation, this iconic property has been reimagined into a fully operational, turnkey hospitality platform.

Just steps from the Block Island Ferry and surrounded by the Island's restaurants, shops, beaches, and marinas, THE 212 offers multiple income producing components, including guest accommodations, acclaimed food and beverage venues, retail space, and employee housing.

More than a real estate investment, THE 212 is an established destination with exceptional brand recognition, proven operational infrastructure, furnishings, equipment, and systems already in place, allowing for immediate continuation of operations. Opportunities of this scale, quality, and prominence on Block Island are exceptionally rare.

The property is ideally suited for hospitality operators, private investors, family offices, boutique hotel groups, and 1031 exchange buyers seeking a legacy coastal asset with significant long term value and immediate income potential. Confidential financial and operational information is available to qualified purchasers upon execution of a confidentiality agreement.

Monthly Cost Estimate

$41,716/mo

20% down · 6.5% · 30 years

Principal$5,641
Interest$33,800
Insurance$2,275

Estimates only. Actual payments may vary.

Location

212 Water Street

Block Island, RI 02807

Old Harbor

Features & Amenities

Interior Features

Ceiling Height (7 to 9 Ft)Ceiling Height (9 to 12 Ft)

Property Details

Construction

Frame Masonry

Views

Water

Heating

Forced Air

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 212 Water Street is listed at $7,800,000 ($1,034/sqft). The estimated monthly payment is $41,716 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.

RT

Rosemary TOBIN

Agent at Lila Delman Compass

Listed by Lila Delman Compass · Broker phone: 4014668777 · View on Broker Site · Broker website

MLS# 1417945· Source: State Wide MLS of Rhode Island, Inc.· 106 days on PropertySimple

Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

212 Water Street, Block Island, RI 02807

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