212 Water Street,Block Island, RI 02807
Block Island, RI 02807
Description
THE 212 offers a rare opportunity to acquire one of Block Island's premier waterfront hospitality destinations in the heart of Old Harbor. Following a multi-year transformation and more than $7.6 million invested, this iconic property has been redeveloped into a turnkey hospitality platform. Just steps from the Block Island Ferry and surrounded by the island's restaurants, shops, beaches, and marinas, the property features multiple income-producing components, including guest accommodations, acclaimed food and beverage venues, retail space, and employee housing. More than real estate, THE 212 is an established destination with brand recognition, operational infrastructure, furnishings, equipment, and systems in place. Opportunities of this scale and prominence on Block Island are exceptionally rare. Ideal for hospitality operators, investors, family offices, boutique hotel groups, and 1031 exchange buyers seeking an irreplaceable coastal asset with immediate operational capability. Confidential financial and operational information is available to qualified purchasers upon execution of a confidentiality agreement.
Details
| MLS # | 1417945 |
|---|---|
| Listing Type | For Sale |
| Style | Historic,livable |
| Building Name | THE 212 |
| Sub-Type | Resale |
| Status | Active |
| Year | 1893 |
| Days On Site | 82 |
| Listing Provided By | Lila Delman Compass | Rosemary TOBIN |
Features
| SQ Feet | 7,546 |
|---|---|
| Basement | Y |
| Story(s) | 3 |
| Units | 3 |
| Building(s) | 1 |
| Zoning | OHC |
| Acreage | 0.22 |
| Property View | Water |
Interior
| Heating | Forced Air |
|---|---|
| Heating Yes / No | Yes |
| Interior Features | Ceiling Height (7 to 9 Ft), Ceiling Height (9 to 12 Ft) |
Exterior
| Foundation Details | Concrete Perimeter, Slab |
|---|---|
| Lot Features | Paved, Sidewalks, Local Historic District, Downtown, Historic |
| Community Features | Marina, Recreational Facilities, Restaurants, Shopping, Near Swimming |
| Construction Materials | Frame, Masonry |
Utilities
| Utilities | 3-Phase Electric, Sanitary Sewers, Street Lights |
|---|---|
| Sewer | Public Sewer |
| Electric | 3 Phase, 200 Amps, Circuit Breakers |
Location
| Community Features | Marina, Recreational Facilities, Restaurants, Shopping, Near Swimming |
|---|
Taxes
| Tax Annual Amount | 12030 |
|---|---|
| Tax Assessed Value | 2088600 |
| Tax Lot | 157 |
| Tax Year | 2025 |
Area Information
| State | RI |
|---|---|
| County | Washington |
| City | Block Island |
| Zip Code | 02807 |
| Area | Washington |
| Community Name | Old Harbor |
| Listing VS Median (in Old Harbor) | |
Price: $8,995,000 low | high Med: $3,775,000 sqft: 7,546 low | high Med: 3,859 $ / sqft: $1,192 low | high Med: $978 On site: 82 low | high Med: 414 | |
Market Activity 02807
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Learn More About This Property
| State | RI |
|---|---|
| County | Washington |
| City | Block Island |
| Zip Code | 02807 |
| Area | Washington |
| Community Name | Old Harbor |
| Listing VS Median (in Old Harbor) | |
Price: $8,995,000 low | high Med: $3,775,000 sqft: 7,546 low | high Med: 3,859 $ / sqft: $1,192 low | high Med: $978 On site: 82 low | high Med: 414 | |