# 212 Water Street, Block Island, RI 02807

> **TL;DR:** commercial, $8,995,000 ($1192/sqft), built 1893, 7,546 sqft.
> View. Est. $48,108/mo. Listed 1 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $8,995,000 |
| Price/sqft | $1192 |
| Square Feet | 7,546 |
| Year Built | 1893 |
| Lot Size | 9,583 sqft (0.22 acres) |
| Stories | 3 |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 1 |

## Why This Home Stands Out

- **Views** - Water

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $45,484 |
| Estimated Insurance | $2,624 |
| **Total** | **$48,108** |

## Key Amenities

- View

## Property Highlights

- Built in 1893
- 0.22 acre lot
- 3 stories

## Description

### Agent Description
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.

## Location

- **Address:** 212 Water Street, Block Island, RI 02807
- **County:** Washington
- **Neighborhood:** Old Harbor
- **Coordinates:** 41.172325, -71.556806
- **Google Maps:** https://www.google.com/maps?q=41.172325,-71.556806

## Virtual Tour & Media

- **Video Tour:** https://tour.RiLiving.com/212-Water-Street-Block-Island-RI-02807

## Listing Agent

- **Name:** Rosemary TOBIN
- **Brokerage:** Lila Delman Compass

## Primary Photo

![212 Water Street - Primary Photo](http://lh.rdcpix.com/c97233d487b54b35a56d86b2bae1d051l-f1437981674r.jpg)

*46 total photos available on [listing page](https://www.propertysimple.ai/listing/212-water-street-block-island-ri-02807-1417945)*

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**MLS#:** 1417945 | **Updated:** 2026-08-01
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/212-water-street-block-island-ri-02807-1417945)

---

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