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85 Ocean Avenue

Washington County RI 02807

10
11
12
4488 sq. ft.
30056 sq. ft.
Single-Family
Currently for sale - view listing

Overview

85 Ocean Avenue presents a rare opportunity to acquire a newly renovated 10-room hospitality property on Block Island. Ideally positioned with convenient access to Old Harbor, beaches, shops, restaurants and all the Island has to offer, the property combines an established hospitality layout with significant income and future development potential. The flexible three-level configuration includes six spacious guest rooms on the first and second levels with shared bath facilities, a second-level kitchen and first-level laundry. The third level features four premium accommodations, including three queen guest rooms and one larger suite. The property has been thoughtfully renovated while maintaining a versatile layout well suited for an inn, hostel-style accommodations or other hospitality concepts. Illustrative nightly room rates support potential gross room revenue of approximately $5,000 per fully occupied night, providing an exciting opportunity for an investor or hospitality operator. In addition to the existing improvements, the property offers the potential for approximately 4,500 square feet of additional development, creating further possibilities for expansion and increased revenue. A distinctive commercial hospitality offering in one of Block Island's most desirable destinations. Projected income analysis and architectural plans are available upon request.

Features

10 bedrooms
11 bathrooms
12 carspaces
4488 sq. ft. floor area
30056 sq. ft. lot size
Single-Family

Property history for 85 Ocean Avenue

2025
Sold
$1,865,000
19 Mar 2025 by Wendy Crawford, of Lila Delman Compass

Happy sellers in Washington County

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Local market activity for 10 bedroom single-family properties in Washington County

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Sales:
(619) 566-0008
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