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3 & 4 Granard CO, 3 & 4, St. Croix,

$2,900,000
Property Type: Commercial Bedrooms: 9 Baths: 9 Square Footage: 13,500 Lot Size (sq. ft.): 464,785 Status: Closed
Current Price: $2,900,000 List Date: 7/11/2023 Last Modified: 2/15/2024

Description

Rare opportunity on St. Croix to own a functioning beachfront income property with 9 units, a tiki bar, and a fabulous & large oceanside veranda with space for a restaurant kitchen. The property is conveniently located mid-island along the south shore and consists of 10+ acres zoned for hotel/condo development, featuring 500 feet of sandy beachfront on a mile of undeveloped beach! The topography is easily buildable and with enough elevation to enable beautiful sea views from all areas of the property. Ongoing improvements are enhancing an already attractive destination and business, yet many exciting expansion options remain for you to create greater revenues and value, from an exquisite restaurant to real estate development and more!

Supplements: Located on the South Shore of St Croix in the US Virgin Islands, on a mile-long public, undeveloped beach, sits a massively built 10,000 sq. ft. two story building, situated less than 100 feet from the beach and elevated 30 feet above sea level. A covered and arched 1600 sq. ft veranda runs the full length of the ocean-side of the building, with steps leading down to the beautiful white sand beach (the property has nearly 500 feet of beachfront), and a 300 sq. ft. block building with plumbing and electric suitable for a Service Bar. The second story of the structure has six fully furnished and individually decorated condo-style residential units (four one-bedroom suites and two studio apartments) with vaulted beamed ceilings and tile floors. Each is AC'd, with spacious private baths, fully equipped kitchens, washers and dryers; over $100,000 of furniture and appliances. The lower level of this massive structure is currently storage / garage area, but is being developed as an entry lobby, with restaurant facility, bar, kitchen area, and public restrooms. Plans are in place; the work has started. Great time to put your own touch on this and see YOUR vision through. There is a water well on the property and a high capacity R.O. (Reverse Osmosis) purification system to supplement captured rainwater (25,000 gallon cistern). Also on the property is a free standing one bedroom cottage, and a duplex, which is currently where the manager and maintenance man reside. The property is 10.67 acres, with elevations up to about 75' above sea level; so the views from structures anywhere on the property would have amazing views of the Caribbean sea. This is a very, very special place. The waters here are calm and warm, there's always a nice, tropical breeze blowing, and there's plenty of shade on the beach from the swaying palms.

More Information MLS# 19-1802

Location/Area

Plot/Unit Number: 3 & 4 Island: St. Croix Estate: Granard CO Postal Code: 00820 Quarter: Company Geo Lat: 17.705898 Geo Lon: -64.70581 Directions: From Christiansted, go through Catherine's Rest to the end of Granard road. Go straight across South Shore road onto the dirt road. Continue and go thru the gate to the left (it's not locked - electric gate coming soon). Buildings at the end of the road.

General Property Description

Sold Price: $2,900,000 Realtor.COM Type: Commercial Lot Acres: 10.67 Approx. Sq Ft: 13500 Total Bedrooms: 9 Total Bathrooms: 9 Sub Type: 2-4 Multi Units Taxes: 2771.34 Tax Year: 2019 Year Built: 1937 Furnished: Partial Water Front: Yes Pool: No Zoning: R-3 Stamp Tax: Select One

Contract Information

Status: Closed Under Contract Date: 2024-01-09 Current Price: $2,900,000 Begin Date: 2019-11-13 Sold Date: 2024-02-15 Sold Price: $2,900,000 Intended Use: Other

Listing/Selling Member Info

Approx Total Property SqFt: 13500 Approx Ext Sqft: 2000 Approx Int Sqft: 11500

Miscellaneous

Air Conditioning: Split PWD Dt: 7/25/51 6/29/63 PWD#: 251, 1424 Separate Meters: Yes

View

Waterfront: Sandy Beach

Amenities

Approx. Cistern Size: 25000

Listing Info

Sign: No

Property Features

Sale Includes: Land/Bldg & Bus View: Ocean; South Shore; Water Amenities: Living Qtr on Site; Storage Flooring: Tile Security: Gate Construction: Concrete Block Roof: Fluid Applied Water: Cistern; Reverse Osmosis Sewer: Septic Parking: Off Street
Listing Office: Sea Glass Properties St Croix

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Information deemed reliable but not guaranteed.