Know someone buying a home?
Don’t let your Veteran and military friends miss out on the opportunity to discover this home!
40
Photos
85 Ocean Avenue, Block Island, RI 02807
$2,375,000 Asking Price
$---/mo Est. Payment Get Prequalified »
3
baths
2,992
sqft
Built in
2018
Introducing The Gateway Commons, a remarkable commercial property ideally positioned just moments away from the dynamic town center. This meticulously maintained establishment, erected in 2017, currently thrives as a bar/restaurant and presents a myriad of business opportunities within the Block Island Service Commercial zone. Spanning two levels, the building boasts expansive dining and bar areas, two distinct kitchens, one with the potential for full-service capabilities, three bathrooms, an office space, and ample storage. The second floor holds promise for further development, with the potential to convert the unfinished attic into an apartment, pending planning and zoning approvals. With nineteen parking spots and full ADA compliance, this property is poised for diverse ventures in a highly accessible locale. Whether sustaining the existing enterprise or venturing into new realms, the Gateway Crossing building offers an exceptional platform for commercial success at the core of the community. The Old Island Pub Business is not for sale.
Features & Amenities
Interior
- General:
- Attic,Internal Expansion,Permanent Attic Stairs,Cable TV
- Appliances:
- Exhaust Fan,Gas Water Heater,Microwave,Range Hood
- Basement:
- None
- Flooring:
- Ceramic Tile
- A/C:
- false, None
- Heating:
- true, Forced Air,Propane
- Fireplace:
- Fireplaces: 0
- Disability Feature:
- Accessibility Features,Accessible Approach with Ramp,Accessible Doors
Exterior
- General:
- Sprinkler/Irrigation
- Parking:
- No Garage, Parking spaces: 0
Construction
- General:
- Drywall,Clapboard,Shingle Siding, 2, Slab
Location
- HOA Amenities:
- 0.0
- Originating MLS:
- RIS
- County:
- Washington
Lot
- Zoning:
- SC, 85OCEANAVNSHM
- View:
- Saltwater,Water, View
Utilities
- Utilities:
- Sewer Connected,Underground Utilities, 200+ Amp Service
- Water:
- Connected,Public
- Sewer:
- Connected,Public Sewer
Financial
- Source:
- RIS
- Buyers Agent Compensation:
- 2%
- NA Compensation:
- Commission based on Final sale price.
This listing courtesy of:
Lila Delman Compass
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
Powered by
Ready to get started? Get prequalified »
About Block Island, RI
Housing
- Number of Units
- 1,804
- Median Home Value
- $914,857
- Median Rent
- $716
29.87% of housing units are renter occupied.
63.36% are vacant.
Commute
- Car
-
52.57%
- Public Transportation
-
5.82%
- Walk to Work
-
17.44%
- Work from Home
-
21.66%
- Other
-
0.66%
The median travel time to work is 13 minutes.
People
- Population
- 1,440
- Median Age
- 47.40
- Median Household Size
- 2.27
Education
- High School
-
21.87%
- Associate’s Degree
-
4.38%
- Bachelor’s Degree
-
32.03%
- Graduate Degree
-
17.96%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
Interested in this home?
Request more information:
