85 Ocean Avenue, Block Island, RI 02807
$2,950,000
10 BedroomBedrooms
11 BathroomBathrooms
11 Full BathroomFull Bathrooms
0 Half BathroomHalf Bathrooms
4,488 Sqft

85 Ocean Avenue, Block Island, RI 02807

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$2,950,000

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10 BedroomBedrooms
11 BathroomBathrooms
4,488 Sqft
Single Family
Active
MLS/ID# 1422479

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85 Ocean Avenue, Block Island, RI 02807: 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 Information for 85 Ocean Avenue, Block Island, RI 02807

Days on Market: 16

Last Updated: Saturday, September 19, 2026 12:03 PM

Listing Courtesy of Lila Delman Compass

MLS ID1422479
Zip Code02807
TypeSingle Family
StyleHistoric/Antique
Bedrooms10
Bathrooms11
Full Bathrooms11
Half Bathrooms0
Total Rooms12
Sq. Ft.4, 488
Fireplaces0
BasementNone
Interior FeaturesInteriorSteps, Tub Shower
Pets Allowed0
Garage Space0
HeatingForced Air, Gas
CoolingDuctless, Wall Unit(s)
WaterConnected, Public
SewerConnected, Public Sewer
Year Built2018
Acreage.69
Real Estate Tax$12,030

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35 Thorpe Avenue Suite 201 Wallingford CT 06492

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Listing courtesy of: Rosemary TOBIN, Lila Delman Compass

This information is assembled from a variety of different sources with varying degrees of reliability and is not guaranteed accurate. Information important to your buying decisions needs to be independently verified.