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$1,865,000

  • Sold
  • Closed
  • Business
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Introducing The Gateway Commons, a remarkable commercial property ideally positioned just moments away from the dynamic town center. This meticulously maintained establishment, erected in 2017-2018, currently thrives as a bar/restaurant and presents a myriad of business opportunities within the Block Island Service Commercial zone. Spanning two levels, the building boasts expansive dining and bar areas, two distinct kitchens, one with the potential for full-service capabilities, three bathrooms, an office space, and ample storage. The second floor holds promise for further development, with the potential to convert the unfinished attic into an apartment, pending planning and zoning approvals. With nineteen parking spots and full ADA compliance, this property is poised for diverse ventures in a highly accessible locale. Whether sustaining the existing enterprise or venturing into new realms, the Gateway Crossing building offers an exceptional platform for commercial success at the core of the community. The Old Island Pub Business is not for sale.

Full Property Details for 85 Ocean Ave

General

  • Sold For: $1,865,000
  • Taxes: $4,542 (2023)
  • Status: Closed
  • Type: Business
  • Source: STWMLS
  • MLS ID: 1355094
  • Added to Site: 661 day(s) ago

Business

  • Business Type: Barber/Beauty, Bar/Tavern/Lounge, Clothing, Deli/Cate
  • Year Established: 2018
  • Seating Capacity: 90

Interior

  • Furnishings: Unfurnished

Additional Information

  • Shared Amenities: Restaurant
  • Security/Safety: Closed Circuit Camera(s), Fire Alarm, Fire Sprinkler System

Parking

  • Total Spaces: 18

Location

  • County: Washington
  • Subdivision: Old Harbor
  • Building Name: The Gateway Crossing

Heating & Cooling

  • Cooling Type: Partial
  • Heating Type: Forced Air

Utilities

  • Sewer: Connected, Sanitary
  • Water: Public
  • Cable Available: Yes
  • Utility Description: Cable Available, Electricity Available, Natural Gas Available, Municipal Utilities, Water Connected, Sewer Connected

Structural Information

  • # Buildings: 1
  • Detached/Attached: Attached
  • Construction: Frame
  • Basement Desc.: None
  • Stories/Levels: 2
  • Year Built: 2018
  • Other Struct. Feat.: Public Restrooms

Lot Features

  • Property View: Water
  • Lot Size (Acres): 0.66
  • Lot Size (Sq. Ft.): 30,056
  • Lot Size: 30056
  • Frontage: City Street, Dirt
  • Lot Features: Wetlands
  • Potential Use: Commercial, Residential, Recreational, Retail

Water Features

  • Water View: Yes

Financial Considerations

  • Tax Amount: $4,542.45
  • Tax Year: 2023
  • Owner Pays: All Utilities

Disclosures and Reports

  • Documents Avail.: Aerial, Building Plans, Environmental Study, Site Plan, Soil Test, Survey, Water/Well Report
  • Property ID: 85OCEANAVNSHM
  • Lot Number: 3-3

Listed by Lila Delman Compass
Sold by Lila Delman Compass

Listing agent

— 85 Ocean Ave —

  • Lila Delman Compass

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 85 Ocean Ave

School District:New Shoreham School District
NameGradesDistance
Block Island School
Block Island School, New Shoreham, RI 02807
K-120.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 85 Ocean Ave

Date
Details
Price
Change
Source
3/19/2025
Sold
$1,865,000
-1.58%
MLS
12/13/2024
Price Reduced
$1,895,000
-9.76%
MLS
9/12/2024
Price Reduced
$2,100,000
-11.58%
MLS
3/29/2024
Listed
$2,375,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Lila Delman Compass
Sold by Lila Delman Compass

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85 Ocean Avenue, Block Island, RI 02807 (MLS# 1355094) is a Business property that was sold at $1,865,000 on March 19, 2025. Want to learn more about 85 Ocean Avenue? Do you have questions about finding other Business real estate for sale in Block Island? You can browse all Block Island real estate or contact a Coldwell Banker agent to request more information.