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212 Water St 17,080 SF 100% Leased Retail Building Block Island, RI 02807 $16,751,040 CAD ($980.74 CAD/SF)
INVESTMENT HIGHLIGHTS
- Renovated boutique guest accommodations offering contemporary comfort and shared amenities
- Bunk Mates suite: sleeps up to six guests with four queen beds, deck access and bar lounge area — ideal for families or groups.
- Prime waterfront location at 212 Water Street, just moments from the ferry landing and the island’s top restaurants, shops and harbor-front activity.
- Designed with the inspiration of yachting lifestyle and European living.
- Captain’s Quarters suite: premium accommodation with a king bed, private bath and espresso bar — perfect for a luxe escape.
- A compelling investment w multiple income sources: lodging, dining, events. Excellent for an owner-operator seeking a turnkey, destination property
EXECUTIVE SUMMARY
A rare chance to acquire two of Block Island’s most iconic properties—one powerful package.
Step into a re-imagined coastal landmark where boutique hospitality meets thriving commerce. 212 Water Street is the Island’s center of elevated style, featuring lodging, dining, retail, and event opportunities with six revenue streams in one prime Old Harbor location.
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. An additional private suite "Captain's Quarters" is Ideal for an owner-operator or as a fully leased investment.
85 OCEAN AVENUE: 4,488 SF
Fully Renovated Inn | Perfect for Employee Housing I Includes separate apartment I Lot offers expansion possibilities for more housing or high-end condo/townhouses.
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.
Step into a re-imagined coastal landmark where boutique hospitality meets thriving commerce. 212 Water Street is the Island’s center of elevated style, featuring lodging, dining, retail, and event opportunities with six revenue streams in one prime Old Harbor location.
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. An additional private suite "Captain's Quarters" is Ideal for an owner-operator or as a fully leased investment.
85 OCEAN AVENUE: 4,488 SF
Fully Renovated Inn | Perfect for Employee Housing I Includes separate apartment I Lot offers expansion possibilities for more housing or high-end condo/townhouses.
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.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
17,080 SF
Building Class
C
Year Built
1893
Price
$16,751,040 CAD
Price Per SF
$980.74 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.43
Lot Size
0.91 AC
Zoning
OHC - OHC Zone provides seaward contact w/ the mainland w/ attendant dock activities & is the site of major hotels, stores, restaurants & related activities
Parking
42 Spaces (2.46 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | BLOC-000006-000000-000157 | Improvements Assessment | $782,761 CAD |
| Land Assessment | $1,584,403 CAD | Total Assessment | $2,367,164 CAD |
PROPERTY TAXES
Parcel Number
BLOC-000006-000000-000157
Land Assessment
$1,584,403 CAD
Improvements Assessment
$782,761 CAD
Total Assessment
$2,367,164 CAD
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212 Water St
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