Ad #6576880
MLS #1422479
85 Ocean Avenue presents a rare opportunity to acquire a newly
85 Ocean Ave, Block Island, RI 02807
$2,950,000
10Beds
11Baths
4,488Sqft
0.69Acres
About this property
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.
Property Features
10 Beds
11 Baths
4,488 Sqft
Built in 2018
0.69 Acres
3 Stories
View Type: Water
None
Siding: Dry Wall, Paneled, Shingles
Natural Gas, Forced Air
$12,030 / yr property tax
Washington County
New Harbor - Town Community
Additional Photos
Contact Information
Rosemary TOBIN
Lila Delman Compass
401-741-1825
Location
Listing Agent: Rosemary TOBIN 401-741-1825
Broker: Lila Delman Compass 401-466-8777 Listing Site
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Lila Delman Compass 401-466-8777 Listing Site
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BarrierFreeHome.com
Printed Oct 17, 2026
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$2,950,000
10
Beds
11
Baths
4,488
Sqft
85 Ocean Ave, Block Island, RI 02807
By contacting this agent you agree to these Terms and Conditions.
MLS# 1422479
$2,950,000
85 Ocean Ave, Block Island, RI 02807
10
Beds
11
Baths
4,488
Sqft
0.69
Acres
10 Beds
11 Baths
4,488 Sqft
0.69 Acres
Accessibility Features
Accessible Approach with Ramp
85 Ocean Avenue presents a rare opportunity to acquire a newly
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.
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Property Details
HOME DETAILS
10 Beds
11 Baths
4,488 Sqft
Built in 2018
0.69 Acres
3 Stories
BARRIERFREE ACCESS & VIEW
View Type: Water
EXTERIOR
None
Siding: Dry Wall, Paneled, Shingles
INTERIOR
Natural Gas, Forced Air
FINANCIAL & COMMUNITY
$12,030 / yr property tax
Washington County
New Harbor - Town Community
See More Details
Location
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Ad Statistics
Ad Number
6576880
Viewed
0 time
Listing Status
Active
Added
Sep 04, 2026
Last Refreshed
Oct 16, 2026 06:44:59 PM
Listing Information
Data Source
State Wide MLS of Rhode Island, Inc.
Source Property ID
1422479
Listing Agent: Rosemary TOBIN 401-741-1825
Broker: Lila Delman Compass 401-466-8777 Listing Site
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Lila Delman Compass 401-466-8777 Listing Site
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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