Commercial/Business - Commercial Sale - MLS # 1419835 - Active 1 / 29 85 Ocean Avenue , Block Island, RI 02807 Neighborhood: Town RE Taxes/Yr: $12,030 / 2025 List/Lease Pr: $2,950,000.00 Exempt Inc: No Original LP: $2,950,000.00 Assessment: $1,864,200 DOM: 1 Asso Fee/Per: Fire Dist Tax: $0 Year Built: 2018 Condo Y/N: N Use Type: Mixed Use Type: Hotel/Motel, Inn 85 Ocean Avenue represents a rare opportunity to acquire a fully renovated hospitality property offering exceptional convenience to the ferry, beaches, restaurants, and shopping. Following an extensive redevelopment and full approval process, the building was thoughtfully transformed with a third floor expansion, modern accommodations, commercial kitchen, commercial laundry, updated common areas, and beautifully appointed bath facilities. Currently utilized as employee housing, the property offers exceptional flexibility for future hospitality or lodging operations. Located within the Service Commercial zoning district, the property offers exceptional flexibility for future use and long term potential.