454 Ocean Avenue Block Island

$2,400,000
2,088 sq ft

The Property

Perfectly positioned between Old Harbor and New Harbor, this mixed-use property offers possibility in one of Block Island’s most desirable locations and set within the service commercial zone. The building combines a brand-new upstairs residence with a flexible first-floor space awaiting your vision.

The second floor features a thoughtfully designed 2-bedroom, 1-bathroom apartment with modern finishes, the convenience of town water and sewer, and beautiful views from the spacious northeast-facing deck. Whether used as an owner’s residence, staff housing, or rental, this turnkey space provides immediate value.

On the first floor, the options are wide open. Bring to life a coffee shop, boutique, restaurant with potential outdoor dining, or any number of retail or service concepts. The space includes a handicapped accessible bathroom and 8+ on-site parking spaces, a rare and valuable amenity on the island.

This property is surrounded by steady foot traffic between the island’s two main hubs of dining, shopping, and entertainment. It’s a location that offers both visibility and convenience—making it the perfect place to create something meaningful for the community while enjoying the unmatched quality of island life.

With its ideal location, flexible zoning, and built-in infrastructure, this property presents an inspiring opportunity to establish your vision in one of New England’s most unique and cherished destinations.

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Listing Details

MLS Number

1396955

Lot Size:

0.28 acres

Features

  • Restrooms
  • Recreational Facilities
  • Restaurants
  • Shopping
  • Near Swimming
  • Laundry
  • Sidewalks
  • Local Historic District
  • Historic
  • Year Built: 1933

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Market Trends for Commercial Properties
in Block Island

  • Overview
    Homes for Sale Today2-75% decrease in inventory
    New on Market *0100% increase in new listings
    Avg. Asking Price/Sq.Ft. *$0.00$0 increase in List Price/Sq.Ft.
    Avg. Sale Price *$0$4,450,000 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *%-100% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$0.00$445 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *289 decrease in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Ballard Hall Sales Group

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