85 Ocean Avenue
Block Island, RI 02807
- – beds
- 3 baths
- 2,992 sqft
- ~3/4 acre lot
- $633 per sqft
- 2018 build
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.
Last checked:
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Last updated Dec 13, 2024
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MLS# 1354663 —
The Building
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Year Built:2018
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New Construction:false
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Building Area Total:2992.0
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Construction Materials:Drywall,Clapboard,ShingleSiding
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Foundation Details:Slab
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Stories:2
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Stories Total:2
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Levels:Two
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Basement:None
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Basement:false
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Security Features:SecuritySystemOwned
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Accessibility Features:AccessibilityFeatures,AccessibleApproachWithRamp,AccessibleDoors
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Exterior Features:SprinklerIrrigation
Interior
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Interior Features:Attic,InternalExpansion,PermanentAtticStairs,CableTv
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Flooring:CeramicTile
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Fireplace:false
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Fireplace Features:None
Room Dimensions
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Living Area:2992.0
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Living Area Source:PublicRecords
Location
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Latitude:41.173611
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Longitude:-71.563297
The Property
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Property Type:Residential
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Property Sub Type:SingleFamilyResidence
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Property Sub Type Additional:SingleFamilyResidence
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Lot Features:SprinklerSystem
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Lot Size Acres:0.6899
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Lot Size Area:30054.0
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Lot Size Square Feet:30054.0
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Lot Size Units:SquareFeet
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Parcel Number:85OCEANAVNSHM
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Zoning:SC
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View:Saltwater,Water
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View:true
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Frontage Length:70
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (401) 714-1999
- Office phone:
- (401) 466-8777
Taxes
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Tax Year:2023
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Tax Annual Amount:4542.45
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Tax Assessed Value:943300
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Tax Lot:3-3
Baths
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Bathrooms Total:3
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Bathrooms Full:3
The Listing
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Virtual Tour URL Unbranded:https://tour.RiLiving.com/85-Ocean-AV-Block-Island-RI-02807
Heating & Cooling
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Heating:ForcedAir,Propane
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Heating:true
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Cooling:None
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Cooling:false
Utilities
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Utilities:SewerConnected,UndergroundUtilities
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Electric:Amps200OrMore
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Sewer:Connected,PublicSewer
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Water Source:Connected,Public
Appliances
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Appliances:ExhaustFan,GasWaterHeater,Microwave,RangeHood
The Community
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Subdivision Name:Town & Old Harbor
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Senior Community:false
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Community Features:Marina,Other,Restaurant,Shopping,SeeRemarks
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Waterfront Features:WalkToWater
Parking
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Parking Features:NoGarage
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Garage:false
Monthly cost estimate
Asking price
$1,895,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$10,147
|
| Taxes | $378 |
| Insurance | $521 |
| Utilities | $308 See report |
| Total | $11,354/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
12/13/24
Dec 13, 2024
|
Price Changed | RIMLS | $1,895,000 | -9.8% |
|
9/16/24
Sep 16, 2024
|
Listed / Active | RIMLS | $2,100,000 |
