Waterfront Hotel With
For Sale
$8,995,000
212 Water Street, Block Island, RI 02807
Commercial/Business,Commercial Sale, Block Island, RI
Property Size7,546 SF
Lot Size0.22 Acres
Price / SF$1,192
Days on Market40
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
Subdivision
Old Harbor
Lot features
Paved, Sidewalks, Local Historic District, Downtown, Historic
View
Water
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 Agency:
Lila Delman Compass
(401) 466-8777
Listed By:
Rosemary TOBIN
(401) 741-1825
Added: Jul 15
Changed: Aug 19
Last Checked: Aug 23 at 11:06AM
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.
THE 212 is a waterfront hospitality property at 212 Water Street on Block Island, offering guest accommodations alongside food and beverage venues, retail space, and employee housing. The property encompasses 7,546 square feet on 0.22 acres and includes furnishings, equipment, and operating systems. Improvements date to 1893 and feature frame and masonry construction, forced-air heating, public sewer service, a basement, and ceiling heights ranging from 7 to 12 feet.
The property is positioned in Old Harbor, steps from the Block Island Ferry and near restaurants, shops, beaches, and marinas. Its OHC zoning and established hospitality configuration support continued operation across multiple commercial components.
The property is positioned in Old Harbor, steps from the Block Island Ferry and near restaurants, shops, beaches, and marinas. Its OHC zoning and established hospitality configuration support continued operation across multiple commercial components.
Key Highlights
- 7,546‑square‑foot hospitality property on 0.22 acres
- Guest accommodations, food and beverage venues, retail space, and employee housing
- Waterfront setting in Old Harbor at 212 Water Street
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
Explore this area
Business Placement
Demographics for 02807, RI
1,410
Population
1,947
Households
0.7
Avg Household Size
55
Median Age
51%
College-Educated
93%
High-School Grad
9.1 sq mi
ZIP Area
155
Density / Sq Mi
$72,450
Median Household Income
$32,366
Median Earnings
$1,422
Median Rent
$936,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Hospitality property combining 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.
What are key features of this property?
This property features: 7,546‑square‑foot hospitality property on 0.22 acres; Guest accommodations, food and beverage venues, retail space, and employee housing; Waterfront setting in Old Harbor at 212 Water Street
