$2,375,000
About this home
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.
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.
- Real estate (PITI + HOA + PMI)
- $14,300
- Utilities
- $1,505
- Transportation
- $132
- Other (entertainment)
- $127
Quick facts
Home features
Lot features
Local Historic District, Downtown, Historic
Neighborhood — 02807
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 1,117 | 1,095,423 | 299,088,112 |
| Population Change Since1990 | 34.00% | 9.00% | 20.00% |
| Population Density | 113 | 994 | — |
| Male | 545 | 529,266 | 147,432,321 |
| Female | 572 | 566,157 | 151,655,844 |
| Never Married | 236 | 266,404 | 63,775,926 |
| Married | 493 | 435,678 | 123,120,365 |
| Separated | 46 | 43,642 | 12,639,686 |
| Widowed | 56 | 66,668 | 15,467,586 |
| Divorced | 139 | 83,843 | 23,075,029 |
| Number Of House Hold | 482 | 410,399 | 111,826,380 |
| Average House Hold Size | 2.31 | 2.56 | 2.60 |
| Medial Age | 44.08 | 37.27 | 35.46 |
| Median House Hold Income | $49,999 | $47,553 | $48,276 |
| Average House Hold Income | $66,546 | $61,609 | $63,629 |
| P C I | $29,039 | $23,965 | $24,529 |
| M D I | $42,678 | $40,634 | $41,133 |
| A T H E | $53,221 | $49,940 | $50,898 |
| S T R | 7.00% | 7.00% | — |
| W C J | 84.58% | 78.02% | 77.74% |
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
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Listing information last refreshed 3/29/2024. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.