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THE 212 212 Water St 17,080 SF 100% Leased Retail Building Block Island, RI 02807 $12,610,360 CAD ($738.31 CAD/SF)
Investment Highlights
- Premier Waterfront Hospitality Destination An iconic Old Harbor property positioned in one of New England's most desirable coastal markets.
- Diverse Income Streams Boutique guest accommodations, acclaimed food & beverage venues, retail space, and supporting operational infrastructure.
- Turnkey Operation Includes established operations, FF&E, and operational assets, allowing for immediate continued operation.
- $7.6+ Million Redevelopment Extensively transformed through a multi-year redevelopment, creating a turnkey hospitality platform.
- Prime Old Harbor Location Steps from the Block Island Ferry, marinas, beaches, shopping, and dining in the island's primary commercial district.
- Exceptional Investment Opportunity Ideal for hospitality operators, family offices, boutique hotel groups, strategic investors, and 1031 exchange buy
Executive Summary
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.
Property Facts
About 212 WATER ST , BLOCK ISLAND, RI 02807
THE 212 presents a rare opportunity to acquire one of New England's premier waterfront hospitality investments in the heart of Old Harbor, Block Island. Following a multi-year redevelopment with more than $7.6 million invested, the property has been transformed into a fully integrated hospitality platform combining boutique guest accommodations, acclaimed food and beverage venues, retail space, and supporting operational infrastructure. Strategically positioned just steps from the Block Island Ferry, marinas, beaches, shopping, and dining, THE 212 occupies one of the island's most recognizable and highly trafficked waterfront locations. The offering includes established hospitality operations together with furnishings, fixtures, equipment (FF&E), and operational assets, allowing the next owner to continue operations while benefiting from years of planning, permitting, redevelopment, and brand development already completed. With limited commercial inventory, significant barriers to new development, and enduring tourism demand, Block Island remains one of New England's most supply-constrained hospitality markets. Opportunities to acquire an asset of this scale, location, and operational readiness are exceptionally rare. Ideal for hospitality operators, boutique hotel groups, family offices, strategic investors, hospitality platforms, and 1031 exchange buyers seeking a legacy coastal investment with immediate operational capability and long-term appreciation potential. Confidential financial information, operational data, and due diligence materials are available to qualified purchasers upon execution of a Confidentiality Agreement (NDA).
Property Taxes
| Parcel Number | BLOC-000006-000000-000157 | Improvements Assessment | $1,354,990 CAD |
| Land Assessment | $1,580,119 CAD | Total Assessment | $2,935,110 CAD |
Property Taxes
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THE 212 | 212 Water St
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