212 Water Street

Property Description

THE 212 presents a rare opportunity to acquire one of Block Island's premier waterfront hospitality destinations in the heart of Old Harbor. Following a comprehensive multi year transformation, this iconic property has been reimagined into a fully operational, turnkey hospitality platform. Just steps from the Block Island Ferry and surrounded by the Island's restaurants, shops, beaches, and marinas, THE 212 offers multiple income producing components, including guest accommodations, acclaimed food and beverage venues, retail space, and employee housing. More than a real estate investment, THE 212 is an established destination with exceptional brand recognition, proven operational infrastructure, furnishings, equipment, and systems already in place, allowing for immediate continuation of operations. Opportunities of this scale, quality, and prominence on Block Island are exceptionally rare. The property is ideally suited for hospitality operators, private investors, family offices, boutique hotel groups, and 1031 exchange buyers seeking a legacy coastal asset with significant long term value and immediate income potential. Confidential financial and operational information is available to qualified purchasers upon execution of a confidentiality agreement.

Overview

Property Status

For Sale

Lot Size

9,583 Sq.Ft.

MLS ID

1417945

Property Type

Commercial

Year Built

1893

Features & Amenities

Total Area

7,546 Sq.Ft.

View Description

Water

Stories

Water Source

Public

Utilities

Electricity Available

Lot Features

Historic District

Heat Type

Forced Air

Sewer

Public Sewer, Sanitary

Substructure

Concrete Perimeter, Slab

Sales Price

$8,995,000

Real Estate Tax

$12,030/yr

Zoning

OHC

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for your interest in 212 Water Street, Block Island, RI 02807

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