Renovated Hotel
New
For Sale
$2,950,000
85 Ocean, Block Island, RI 02807
Redeveloped lodging asset with a commercial kitchen, laundry facilities, expanded accommodations, and Service Commercial zoning.
Property Size4,488 SF
Price / SF$657.31
Days on Market5
Property Features for 85 Ocean
General Information
Standard status
Active
Size
4,488 SF
Property subtype
Commercial
Zoning
Service Commercial
Taxes and HOA fees
Annual Taxes
$12,030
Amenities
commercial kitchen
commercial laundry
updated common areas
appointed bath facilities
Central air
Common Area
Forced Air Heating
Window Units Cooling
Building Details
Year Built
2018
Listing Agency:
LILA DELMAN COMPASS
(401) 466-8777
Listed By:
ROSEMARY TOBIN · License #RES.0028817
Source:
Corcoran
Added: Aug 7
Changed: Aug 11
Last Checked: Aug 10 at 4:10AM
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
Investment Insights
Based on property information with market context.
This hotel property underwent a substantial redevelopment completed with full approvals. The improvements include a third-floor addition, updated guest accommodations, refreshed shared areas, upgraded bathrooms, a commercial kitchen, and commercial laundry facilities. The building dates to 2018 and is currently used for employee housing.
The property is located at 85 Ocean Avenue on Block Island, near ferry service, beaches, restaurants, and shopping. Service Commercial zoning supports the property's existing lodging-related use and its stated potential for future hospitality or lodging operations.
The property is located at 85 Ocean Avenue on Block Island, near ferry service, beaches, restaurants, and shopping. Service Commercial zoning supports the property's existing lodging-related use and its stated potential for future hospitality or lodging operations.
Key Highlights
- Redeveloped hotel property with full approvals and a third‑floor expansion
- Commercial kitchen and commercial laundry facilities
- Updated common areas, accommodations, and bathrooms
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
350
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Redeveloped lodging asset with a commercial kitchen, laundry facilities, expanded accommodations, and Service Commercial zoning.
Where is this hotel located?
The property is located at 85 Ocean Block Island, RI.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Redeveloped hotel property with full approvals and a third‑floor expansion; Commercial kitchen and commercial laundry facilities; Updated common areas, accommodations, and bathrooms
