MLS #1376252

234 Water St, Block Island, RI

Old Harbor is the center of Block Island's thriving tourism industry, known for its quaint streets, boutique shops, excellent dining, and proximity to the ferry. Located in the heart of Old Harbor, this mixed-use property presents a unique opportunity to own a piece of the island's vibrant community. Situated on a 10,000± sq ft lot with rare, dedicated parking, the property is designed for both function and convenience. The iconic main building includes three commercial units and three residential units, offering significant potential for investors. Built in 2000 in the historic Mansard style, the property blends modern amenities with architectural features that reflect the character of Block Island. Updates to the building include newer roof, windows, air conditioning, and decking. An additional 672 sq ft commercial outbuilding, originally built in 1900, adds further flexibility for various uses. Permitted uses by right include professional and business services, retail trade, restaurants, and physical fitness. Additional uses may be possible with a special use permit. Residential units can be offered for short-term or long-term rental or reserved for the owner's use. There is also potential for establishing a condominium ownership structure to maximize investment returns. With its prime location, sweeping harbor views, modern construction, and historical aesthetic, this property is well-suited to support a wide range of enterprises.
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MLS #
1376252
Status:
Active
Type:
Single Family
Neighborhood:
Old Harbor
Site Acres:
0
Year Built:
2001
Parking Spaces:
8
Sewer:
Connected
Electric:
200 Amps
Heating:
Baseboard, Zoned
Cooling:
Central Air, Heat Pump
Lot:
Local Historic District, Downtown, Historic
Lot Sq. Footage:
10,000 sq ft
Community Features:
Marina, Near Swimming, Restaurant
Interior Features:
Ceiling Height: 9-12 Ft
Foundation Type:
Slab
Foundation Area:
3072 sq ft
Zoning:
OHC
Assessed Value:
$2,886,500
Real Estate Taxes:
$15,933
Real Estate Tax Year:
2024
Assessor Lot:
99
Assessor Plat:
6
Listed By:
Ballard Hall Sales Group

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