212 Water St - Storefront FOR SALE


Block Island, RI 02807
$12,000,000 USD
401-212-0348
212 Water St, Block Island, RI for Sale
$12,000,000 USD
Storefront - FOR SALE
1/69
null | Request Cap Rate

212 Water St
Block Island, RI 02807


HIGHLIGHTS

  • Renovated boutique guest accommodations offering contemporary comfort and shared amenities
  • Designed with the inspiration of yachting lifestyle and European living.
  • Bunk Mates suite: sleeps up to six guests with four queen beds, deck access and bar lounge area — ideal for families or groups.
  • Captain’s Quarters suite: premium accommodation with a king bed, private bath and espresso bar — perfect for a luxe escape.
  • Prime waterfront location at 212 Water Street, just moments from the ferry landing and the island’s top restaurants, shops and harbor-front activity.
  • A compelling investment w multiple income sources: lodging, dining, events. Excellent for an owner-operator seeking a turnkey, destination property

OVERVIEW

Your opportunity for 2 iconic Block Island properties packaged together! Your gateway to a modern coastal lifestyle. The 212 is Block Island’s hub for elevated style and unforgettable experiences—fully re-imagined with a blend of boutique lodging, dining, and events in the heart of the Old Harbor district. In a market where waterfront hospitality inventory is scarce, The 212 offers a rare combination of premium lodging + dining in one landmark building. Its complete renovation delivers a fresh brand and modern guest experience while retaining the island’s intrinsic charm. With visible location and strong exposure to summer tourism traffic, the property is positioned for high occupancy and food- & beverage success. 2 T U R N K E Y P RO P E RT I E S I N C L U D E D I N O F F E R I N G : 212 WATER STREET: 6986 SF Three Levels | Turnkey Restaurant | 6 Room Inn-The Bunk Room | Two Tenants with Possibility of expanding to 4-5 rentable spaces | Over 3200 Square Feet of Decks with Views of Old Harbor. 85 OCEAN AVENUE: 4,488 SF Fully Renovated Inn | Perfect for Employee Housing I Includes separate apartment I Expansion possible. EQUIPMENT: INCLUDED All Equipment to operate restaurant, bunk house, and employee housing included in sale of property. Hospitality investor seeking a high-end destination property on one of New England’s most iconic island markets. Owner-operator wanting to combine lodging and restaurants under one roof in a turnkey format. Boutique lifestyle hospitality brand looking to scale or make a flagship investment in an ultra-premium locale. Don’t miss the opportunity to own a signature hospitality asset on Block?Island — where modern coastal living meets elevated dining and lodging experiences. Contact us today for full financials, build-out history and occupancy metrics.

FOR SALE DETAILS

PRICE

$12,000,000 USD

PRICE/SF

$1,590 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1893

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,640 SF

ZONING

OHC

APN/PARCEL ID

BLOC-000006-000000-000157

ASK ABOUT THIS PROPERTY

Patrick FarrellLila Delman Real EstateMore Info
401-212-0348

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Patrick FarrellLila Delman Real EstateMore Info
401-212-0348

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.