212 Water St - Storefront FOR SALE


Block Island, RI 02807
$8,995,000 USD
401-741-1825
212 Water St, Block Island, RI for Sale
$8,995,000 USD
Storefront - FOR SALE
1/96
null | Request Cap Rate

NEW


212 Water St
Block Island, RI 02807


HIGHLIGHTS

  • Premier Waterfront Hospitality Destination An iconic Old Harbor property positioned in one of New England's most desirable coastal markets.
  • $7.6+ Million Redevelopment Extensively transformed through a multi-year redevelopment, creating a turnkey hospitality platform.
  • Diverse Income Streams Boutique guest accommodations, acclaimed food & beverage venues, retail space, and supporting operational infrastructure.
  • Prime Old Harbor Location Steps from the Block Island Ferry, marinas, beaches, shopping, and dining in the island's primary commercial district.
  • Turnkey Operation Includes established operations, FF&E, and operational assets, allowing for immediate continued operation.
  • Exceptional Investment Opportunity Ideal for hospitality operators, family offices, boutique hotel groups, strategic investors, and 1031 exchange buy

OVERVIEW

THE 212 represents the opportunity to acquire one of Block Island's most recognizable waterfront hospitality destinations. Following a multi-year redevelopment with more than $7.6 million invested, the property has been transformed into a turnkey hospitality platform featuring boutique guest accommodations, food and beverage operations, retail space, and supporting infrastructure in the heart of Old Harbor. The offering includes the real estate together with furnishings, fixtures, equipment, and operational assets necessary to continue operations. Additional details regarding included assets will be provided during due diligence. Due to the confidential nature of the business, financial statements, operational information, and supporting due diligence materials are available only to qualified purchasers following execution of a Confidentiality Agreement (NDA). The offering includes the real estate, established hospitality business, furnishings, fixtures, equipment (FF&E), operating systems, digital assets, and related operational infrastructure, providing the next owner with an exceptional opportunity to continue and expand an established destination hospitality operation. Showings are by appointment only and coordinated to minimize disruption to ongoing business operations.

FOR SALE DETAILS

PRICE

$8,995,000 USD

PRICE/SF

$527 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

THE 212

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Bar, Freestanding, 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

Rosemary TobinLila Delman Real EstateMore Info
401-741-1825

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Rosemary TobinLila Delman Real EstateMore Info
401-741-1825

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