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Property profile & analytics
OFF-MARKET
Specialty properties

4 Ctr Rd New Shoreham, RI 02807

Property ID
Property summary
AI-generated overview

This exceptional opportunity presents approximately 0.51 acres of land for lease at the Block Island State Airport (BID) in New Shoreham, Rhode Island. Located at 4 Center Rd, 02807, this property offers a unique investment prospect within a thriving general aviation market. The airport itself is a public-use, general aviation facility serving Block Island, a popular vacation destination. BID boasts one asphalt runway, spanning 136 acres at an elevation of 108 feet. The airport provides crucial access for thousands of passengers annually, connecting the island to mainland destinations via scheduled airline service to Westerly State Airport. This strategically positioned land parcel is ideally suited to meet the growing demand for general aviation services on Block Island. The property is classified as Land, Special Purpose, with an Airport/Aviation Land subtype. The total lot size is 0.77 acres, with approximately 0.51 acres currently available for lease. The tenancy is multiple, indicating potential for shared use or subleasing. The property is uniquely positioned to capitalize on the significant tourism and transportation needs of Block Island. This is a rare chance to acquire a piece of this vital infrastructure supporting a thriving community. The property's location offers unparalleled access to the island's visitors and residents, making it an attractive investment for businesses serving the aviation sector.

Property profile
Verified
Property type Specialty properties
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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