MLS #1354663

$2,375,000

85 Ocean Av, Block Island, RI

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.

MLS #
1354663
Status:
Active
Type:
Single Family
Style:
Other
Neighborhood:
Town & Old Harbor
Full/Half Baths
3 / 0
Living Area:
2,992 sq ft
Apx Above Grade Living Area:
1,496 sq ft
Apx Below Grade Living Area:
1,496 sq ft
Site Acres:
1
Year Built:
2018
Garage Type:
None
Exterior:
Clapboard, Shingles
Finished Floor:
Ceramic
Sewer:
Connected, Municipal
Electric:
200 Amps
Hot Water:
Gas
Heat:
Bottle Gas
Heating System:
Forced Air
Cooling:
None
Water Amenities:
Freshwater View, Saltwater View, Walk to Fresh Water, Walk to Salt Water, Walk To Water
Handicap Accessible:
Flat Thresholds, Ramps (No steps), Wide Doors
Lot:
Sprinklers, Underground Utilities, Waterview
Lot Sq, Footage:
70 sq ft
Equipment:
Alarm Owned, Cable TV, Ceiling Fan, Exhaust Fan, Hood, Microwave
Near:
Marina, Other-See Remarks, Restaurants, Shopping, Swimming
Building Levels:
2
Total Rooms:
4
Fireplace Type:
None
Foundation Type:
Slab
Lot Description:
Sprinklers, Underground Utilities, Waterview
Zoning:
SC
Assessed Value:
$943,300
Association Fees:
$0
Real Estate Taxes:
$4,542
Real Estate Tax Year:
2023
Assessor Lot:
3-3
Assessor Plat:
6
Listed By:
Lila Delman Compass

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