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Turnkey Waterfront Hospitality Property

212 Water Street Block Island, RI 02807

New
212 Water Street, Block Island, RI, 02807
$8,995,000
For Sale
Claim this Listing
$8,995,000

COMMERCIAL - Block Island, RI

Property Size7,546 SF
Lot Size0.22 Acres
Price / SF$1,192
AddedJul 15
Days on Market2
Last RefreshJul 16 at 1:06 am

Property Features for 212 Water Street

General Information

Property type
Commercial Sale
Property subtype
Other
Zoning
OHC
Rooms
Basement
Interior features
Ceiling Height (7 to 9 Ft), Ceiling Height (9 to 12 Ft)
Basement
Crawl Space
Standard status
Active
Size
7,546 SF
Lot size
0.22 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
12030

Utilities

Sewer type
Public Sewer
Heating system
Forced Air

Building Details

Year built
1893
Floors in Building
3
Number of units
3
Building materials
Frame, Masonry

Listing agent Rosemary TOBIN

Listing office Lila Delman Compass 61 Dodge Street, RI

Listing date Jul 15, 2026

MLS# 1417945

Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This turnkey hospitality property has been redeveloped into a multi-component platform with guest accommodations, food and beverage venues, retail space, and employee housing. The offering reflects a multi-year transformation with more than $7.6 million invested, with operational infrastructure, furnishings, equipment, and systems in place.

The property is located on Block Island at 212 Water Street, just steps from the Block Island Ferry, and is surrounded by the island’s restaurants, shops, beaches, and marinas. Zoning is listed as OHC.

With multiple income-producing components already in place, the property is being marketed as ready for immediate operational capability, supported by established destination positioning and brand recognition referenced in the remarks.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Ernies Restaurant Restaurant Finn's Fish Market Specialty Food Shop Darkside Block Island (Bike/Boat/Book/etc) Store 212 Water Street ... Restaurant

FAQs

What type of property is this?
Hotel - Redeveloped hospitality property with guest accommodations, food and beverage venues, retail space, and employee housing.
Where is this hotel located?
The property is located at 212 Water Street Block Island, RI.
What is the asking price?
The asking price for this property is $8,995,000.
Contact an agent
More about this property
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