MLS #1417945

212 Water St, Block Island, RI

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.

MLS #
1417945
Status:
Active
Type:
Single Family
Neighborhood:
Old Harbor
Site Acres:
0
Year Built:
1893
Sewer:
Public Sewer
Electric:
3 Phase, 200+ Amp Service, Circuit Breakers
Heating:
Forced Air
Lot:
Paved, Sidewalks, Local Historic District, Downtown, Historic
Lot Sq. Footage:
9,583 sq ft
Community Features:
Marina, Recreational Facilities, Restaurants, Shopping, Near Swimming, Street Lights
Building Levels:
3
Interior Features:
Ceiling Height (7 to 9 Ft), Ceiling Height (9 to 12 Ft)
Foundation Type:
Concrete Perimeter, Slab
Zoning:
OHC
Assessed Value:
$2,088,600
Real Estate Taxes:
$12,030
Real Estate Tax Year:
2025
Assessor Lot:
157
Assessor Plat:
06
Listed By:
Lila Delman Compass
Listing Attribution:
401-741-1825

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