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212 Water Street

Block Island, RI 02807
  • $8,995,000
  • STATUS: Active
  • ON SITE: 31 Days
  • MLS #: 1417945
UPDATED: 74 min ago
$8,995,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,546
    SQFT
  • $1,192
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1893
County:
Area:

School Ratings & Info

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.

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[Rhode Island Statewide MLS] logo

© 2026 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Onshore Realtors are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Onshore Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2026-08-16T08:38:07.02.
www.onshorerealtors.com/homes/178852649
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212 Water Street Block Island, RI 02807

  • Price: $8,995,000
  • Status: Active
  • On Site: 31 Days
  • Updated: 74 min ago
  • MLS #: 1417945
0
Beds
0
Baths
0
½ Baths
0.22
Acres
7,546
SQFT
$1,192
$/SQFT
1893
Built
Neighborhood:
Old Harbor
County:
Washington
Area:
Block Island
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.
Exterior Features

Construction Materials Frame Masonry Foundation Details Concrete Perimeter Slab Levels Three Or More Lot Features Historic District Parking Total 0 View Water View YN Yes

Interior Features

Basement Crawl Space Heating Forced Air Heating YN Yes

Property Features

Business Type Bar / Tavern / Lounge Commercial Hotel / Motel Hospitality Mixed Restaurant Rental Retail Community Features Marina Pool Recreation Area Restaurant Shopping Sidewalks Street Lights Electric 3 Phase200+ Amp Service Circuit Breakers Human Modified YN Yes Land Lease YN No New Construction YN No Property Sub Type Commercial Road Surface Type Asphalt Paved Sewer Public Sewer Sanitary Tax Annual Amount 12030 Tax Assessed Value 2088600 Tax Lot 157 Tax Year 2025 Utilities Electricity Available Water Source Public Zoning OHC

[Rhode Island Statewide MLS] logo Listing information © 2026 State-Wide Multiple Listing Service.
Listing provided courtesy of Lila Delman Compass: 401-741-1825.



[Rhode Island Statewide MLS] logo

© 2026 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Onshore Realtors are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Onshore Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2026-08-16T08:38:07.02.
 
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Onshore Realtors
57 Shore Rd, Suite B
Westerly RI, 02891