Commercial at 212 Water Street, Block Island
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$7,800,000

212 Water Street
Block Island, RI 02807
Listed by Rosemary TOBIN
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1893

About this home

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.

Property details

MLS #
1417945
Property type
Commercial
Subdivision
Old Harbor
Status
Active
Days on market
52
On market date
July 15, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.22 acres
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Walkability

Blended score for Block Island's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

30
Car-dependent
out of 100
EPA National Walkability Index
7.8 / 20 -- Below average walkable
Nearby-amenity density
15 / 100
Restaurants & cafes0
Grocery stores0
Parks8
Schools0
Transit stops0
Pharmacies0

Mortgage calculator

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Est. monthly payment
$47,123/mo
$1,560,000 down
$6,240,000 loan
Principal & interest$40,473
Property tax (est.)$6,500
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 19 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.