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- LoopNet Team
85 Ocean Ave
New Shoreham, RI 02807
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Heavy seasonal foot traffic
- Potential for Second building
- Two separate leases possible
- Potential for finishing attic space
- Right in town
- 19 parking spots with two designated for ADA
PROPERTY FACTS
AMENITIES
- Conferencing Facility
- Freeway Visibility
- Restaurant
- Storage Space
- Recessed Lighting
- Balcony
- Fiber Optic Internet
- Smoke Detector
ABOUT 85 OCEAN AVE , NEW SHOREHAM, RI 02807
Introducing The Gateway Commons, a remarkable commercial property ideally positioned just moments away from the dynamic town center. This meticulously maintained establishment, erected in 2018, 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. Present business is not for sale.
PROPERTY TAXES
| Parcel Number | BLOC-000006-000000-000003-000003 | Improvements Assessment | $706,069 |
| Land Assessment | $592,613 | Total Assessment | $1,298,683 |
PROPERTY TAXES
