$2,100,000 212 Water Street Block Island, RI

MLS: 1266948   Type: Commercial   County: Washington   City: Block Island   Neighborhood: Downtown-old Harbor Commercial   Zip: 02807   Style: Historic/Antique     Stories: 3   Taxes: $9,079

Mortgage $9,859 /mo



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Ernie's Restaurant, Finn's Seafood Restaurant, Finn's Fish Market and retail space in prime Old Harbor Historic District. Established businesses within walking distance to the ferry landing with passengers arriving from Pt. Judith, Newport and New London. Both restaurants offer indoor dining and have separate kitchens. Finn's has a full liquor license which can be transferable to the new owner (requires an application and advertising to transfer and approval from the Town Council). Finn's Fish Market is the only exclusively-operated fish market on the island. On the third floor there is a rooming house for staff up to 18 employees and a 1-bedroom, year-round apartment overlooking Old Harbor. Retail space on the street level. Front porch serving access to Ernie's and retail shop. Multiple decks (approximately 3216 sq. ft.) on two levels with views of Crescent Beach, Clayhead, Atlantic Ocean and mainland Rhode Island. Seven parking spaces plus an additional eight leased on a year-to-year basis.

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High School

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Price History

10/8/2020 Listed $2,100,000

Architectural Style Historic/Antique, Other
Association Amenities Restaurant
Business Type Food & Beverage, Mixed
Community Features Marina, Near Schools, Restaurant, Shopping, High Traffic Location, Street Lights, Sidewalks
Complexname Ernie's Restaurant
Construction Materials Frame, Masonry
Cooling None
Current Use Retail
Electric 3 Phase, 200+ Amp Service, Circuit Breakers
Energy Efficient Lighting
Heating Baseboard, Zoned
Land Lease Y/N No
Possible Use Commercial, Mixed Use, Office, Other, Retail
Property SubType Retail
Property Type Commercial Sale
Security Features Closed Circuit Camera(s), Carbon Monoxide Detector(s), Fire Alarm, Fire Escape, 24 Hour Security, Smoke Detector(s), Building Security
Sewer Public Sewer, Sanitary
Stories 3
Subdivision Name Downtown/Old Harbor Commercial
Total Units 6
Utilities Cable Available, Electricity Available, Municipal Utilities, Phone Available, Water Connected
View Water
Virtual Tour https://tour.RiLiving.com/212-Water-ST-Block-Island-RI-02807
Zoning OHC

Interior Features

Above Grade Finished Area 7546
Air Conditioning Y/N No
Basement Full
Furnished Y/N Furnished
Heating Y/N Yes
Laundry Features Common Area
Seatingcapacity 144
Total Baths 0

Exterior Features

Foundation Details Concrete Perimeter, Slab
Frontage Length 124
Lot Features Historic District
Lot Size Area 9583
Lot Size Square Feet 9583
Number of Buildings 1
Road Frontage Type City Street, State Road
Total Parking 15
View Y/N Yes
Water Source Public

Property Schools

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Gallery (4 photos)

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Property vs Zip Code Avg (02807)

Price 2.10M Avg 1.35M

Sqr Feet 7,546 Avg 3,773

Cost / Sqr Ft $278 Avg $358

Taxes $9,079 Avg $4,865

Visits 23 Avg 22

Days on Site 188 Avg 193

Walkscore® 51 Avg 50

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Ballard Hall Sales Group LLC

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Location & Address

Albert Realtors
1050 Reservoir Avenue
Cranston, RI