$1,095,000 217 Ocean Av Block Island, RI

MLS: 1150577   Type: Commercial   County: Washington   City: Block Island   Neighborhood: Old Harbor   Zip: 02807   Style: Hotel/Motel     Stories: 2   Taxes: $2,872

Mortgage $5,141 /mo



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One size fits all is the best way to describe 217 Ocean Avenue, Block Island. This property is centrally located between Block Island’s two harbors, a five minute walk to Old Harbor and a ten minute walk to New Harbor and Crescent Beach one of Block Island's main swimming beach. Zoned for either multi-family, single family or commercial use the options are endless. Currently rented nightly, the main level you will find two spacious studio apartments with large closets, bathroom and patio. On the second floor you will find two apartments with full kitchens, balconies, ample closet space and spiral stair cases leading you to loft style second bedroom. With options to divide the property into separate spaces renting individually, as commercial space or change the use and create your single family dream home. This property has options for each buyer. Own your own business or just become an investor. The Nature Conservancy has called Block Island “One of the 12 last greatest places in the Western Hemisphere."

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Price History

2/10/2017 Listed $1,095,000

# of Buildings 2
Adult Community Y/N No
Apprx Lot Sq Ft 21344.0000
Assessment 627700.0000
Building Livable
Building Feature Garage, Laundry Room
Condo Y/N n
Elevation Certificate 0
Green Construction Y/N No
Historic Local Historic District
Location Downtown
Multi Family Mixed Use Type Mixed Use
Neighborhood Old Harbor
Present Use Nightly Rental
Property Type Commercial Multi and Mixed Use Listings
Reo Bank Owned 0
Subsidized Housing 0
Total Units in Complex 3
Under Construction 0
Utilities Electric, Street Lights
Virtual Tour Link https://www.planomatic.com/11726
Year Built 1985
Zoning SC

Interior Features

Basement Type None
Ceiling Height 12-15 Ft
Cooling None
Electric 200 Amps
Gas None
Heating Electric Air Cleaner
Laundry In Building
Onsite Parking Spaces 9
Total Baths 0.00
Unit Count 1

Exterior Features

Foundation Concrete
Loading Door Ground Level
Road Black Tar, High Traffic, State
Sewer Connected
Water Supply Connected

Property Schools

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Gallery (34 photos)

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Property vs Zip Code Avg (02807)

Price 1.09M Avg 1.52M

Sqr Feet 3,000 Avg 4,021

Cost / Sqr Ft $365 Avg $379

Taxes $2,872 Avg $5,891

Acres 0.49 Avg 0.87

Visits 3 Avg 5

Days on Site 406 Avg 912

Walkscore® 47 Avg 49

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Listing Provided Courtesy Of: Lila Delman Real Estate

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Location & Address

eXp Realty Rhode Island

West Hartford, CT