217 Ocean Av, Block Island Rhode Island

$1,195,000




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Bedrooms: 6 Full Bathrooms: 4
Half Bathrooms: 0 Style:
MLS #: 1018597 Living Area: 2250 sq'
Lot Size: 0.49 acres Property Type: 2-4 Units

Amenities: Walk To Water,Walk to Salt Water,Walk to Fresh Water

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Rare, multi-zoned property located at 217 Ocean Avenue on magnificent Block Island combines unique opportunities with optimum location.

Classified as a multi-family, single family and commercial use, this property allows the right buyer to choose how best to manage their investment.

Have you ever dreamed of becoming an Inn Keeper? Or running your own restaurant? How about having your own retail shop? This property under Block Island’s Special Use Permit allows a wide variety of opportunities for the entrepreneur at heart.

Centrally located between both of the Island’s harbors, this highly visible location is easily noticed and is passed by almost everyone visiting the Island.

 If owning a centrally located vacation home is your dream this property offers short trips to swimming beaches while remaining in the heart of the island’s commerce district. It also gives the owner the ability to live in one side and collect rent from the other, making owning property on Block Island affordable.

Currently this property is set up as a multifamily rental. On the first floor you will find two studio apartments with large closet, bathrooms, kitchenettes and patios. Upstairs, mirror-image two bedroom apartments with full kitchens and balconies offer beautiful views of the Block Island’s coast out toward the Atlantic Ocean.

Featuring one bathroom with large lofts reached by spiral stair cases with ample closet space. The property also has a detached two car garage with laundry facilities and large upper level storage area.

Offering unlimited options let your imagination run wild. You have the option to rent the spaces separately or divide it up, you may also want to open or rent the spaces on the main level to a retail shop or two, or turn the entire building into your Block Island dream home. You decide.


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