27 High St New Shoreham, RI 02807
This unique three-story, 5,227 sq ft property at 27 High Street, Unit 3, Block Island, RI 02807, is a versatile commercial space built in 2003. Located just outside of town, this single-building property offers ample space with a welcoming front porch and substantial storage. Previously used as a pharmacy, general store, and art gallery, it's adaptable to various businesses. The interior, while requiring some repairs and outfitting to be completed by the condo association, is filled with natural light. The 1,380 sq ft space presents an excellent opportunity for a business owner seeking a blend of commercial and residential potential. The property includes a full bath. This exceptional opportunity is priced at $44,000. The lot size is 5,227 square feet. The property is located in Washington County, Rhode Island.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.