List Search

85 Ocean Ave
New Shoreham, RI 02807

$1,895,000 USD

Restaurant For Sale  •  2,992 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 2,992 SF
  • Lot Size 0.69 AC
  • Building Class B
  • Year Built 2017
  • Tenancy Single
  • Zoning SC
0 Transit Score
48 Walk Score

Description

Introducing The Gateway Commons, a remarkable commercial property ideally positioned just moments away from the dynamic town center. This meticulously maintained establishment, erected in 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. Present business is not for sale.

Highlights

Heavy seasonal foot traffic
Potential for finishing attic space
Potential for Second building
Right in town
Two separate leases possible
19 parking spots with two designated for ADA

Property Flyers

Amenities

  • Conferencing Facility
  • Freeway Visibility
  • Restaurant
  • Storage Space
  • Recessed Lighting
  • Balcony
  • Fiber Optic Internet
  • Smoke Detector

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 19
Type: Surface
Included in Rent: Yes
Wendy Crawford 401-466-8777 Lila Delman Real Estate
Wendy Crawford 401-466-8777 Lila Delman Real Estate