About This Home

This 0-bedroom, 0-bathroom commercial at 85 Ocean Avenue in Block Island, RI is listed for $2,950,000 ($657 per sqft). Built in 2018, the home offers 4,488 sqft of living space on a 0.69 acres lot.

Key Features

  • Built in 2018
  • 0.69 acre lot
  • 3 stories
  • 12 parking spaces

Property Details

3 stories
12 spaces
2018

Amenities

ViewA/C
Listing Description

85 Ocean Avenue offers a rare opportunity to acquire a newly renovated 10-room hospitality property on Block Island. 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 offers significant income-producing potential with illustrative nightly room rates supporting gross room revenue of up to approximately $5,000 per fully occupied night. Projected income analysis and architectural plans available upon request.

Monthly Cost Estimate

$15,777/mo

20% down · 6.5% · 30 years

Principal$2,133
Interest$12,783
Insurance$860

Estimates only. Actual payments may vary.

Location

85 Ocean Avenue

Block Island, RI 02807

Town

Features & Amenities

Interior Features

Ceiling Height (9 to 12 Ft)

Property Details

Views

Water

Heating

Forced Air

Cooling

Window Unit(s)

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 85 Ocean Avenue is listed at $2,950,000 ($657/sqft). The estimated monthly payment is $15,777 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 2018, 0.69 acre lot, 3 stories, 12 parking spaces. Interior Features: 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# 1419835· Source: State Wide MLS of Rhode Island, Inc.· 84 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.

85 Ocean Avenue, Block Island, RI 02807

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