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Waterfront Hotel Property
For Sale
$7,800,000

212 Water Street, Block Island, RI 02807

Hospitality property with guest accommodations, dining venues, retail space, and employee housing.

Property Size7,546 SF
Price / SF$1,033
Days on Market111

Property Features for 212 Water Street

General Information

Standard status Active
Size 7,546 SF
Property subtype Commercial

Additional Details

Furnished Yes
Business Included Yes
Equipment Included Yes

Building Details

Year Built 1893
Listing Agency: Lila Delman Compass
Listed By: Rosemary TOBIN · License #RES.0028817
Source: Lockandkeyre
Added: Jul 15 Changed: Nov 1 Last Checked: Nov 1 at 4:33AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lila Delman Compass

Rey
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Investment Insights

Based on property information with market context.

The 212 is a waterfront hotel property at 212 Water Street on Block Island. The asset includes guest accommodations, food and beverage venues, retail space, and employee housing, creating several distinct operating components within one property. Furnishings, equipment, and operational systems are included, along with infrastructure supporting ongoing operations. The building dates to 1893 and carries OHC zoning.

Located in Old Harbor, the property is near the Block Island Ferry and surrounded by island restaurants, shops, beaches, and marinas. Its configuration spans lodging, food service, retail, and staff accommodation. The existing setup includes the physical components and systems associated with continued hospitality operations.

Key Highlights

  • Waterfront hotel property at 212 Water Street, Block Island
  • Guest accommodations, food and beverage venues, retail space, and employee housing
  • Furnishings, equipment, and operational systems included

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

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

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

318
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Frequently Asked Questions

What type of property is this?
Hotel - Hospitality property with guest accommodations, dining 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 $7,800,000.
What are key features of this property?
This property features: Waterfront hotel property at 212 Water Street, Block Island; Guest accommodations, food and beverage venues, retail space, and employee housing; Furnishings, equipment, and operational systems included
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