39-42 Frederiksted FR, St. Croix,

$6,200,000
Property Type: Commercial Bedrooms: 23 Baths: 28 Square Footage: 26,800 Lot Size (sq. ft.): 40,946 Status: Closed
Current Price: $6,200,000 List Date: 7/15/2020 Last Modified: 5/25/2023

Description

THE FRED Boutique Eco-Friendly Beachfront Caribbean Resort-The first new hotel in the USVI in over 30 years. Turnkey operation with restaurant, bars & spa including 11 newly constructed rooms complimenting the historic renovation–22 guest rooms total. This luxury property combines West Indian charm with progressive state-of-the-art infrastructure. Microturbine generators, mosquito misting system, automated pool & water quality control, integrated sound system, professionally landscaped with built in irrigation. This award winning resort features open, west facing lounge, spa, restaurant, bar, infinity pool, hot tub, spectacular sky deck with 2nd bar and lounge pool, gift shop, all fully furnished, 140 ft beachfront boardwalk & 230 ft beach including EDC tax benefits, CZM 80' dock permit.

Supplements: Awards: "Best New Boutique Resort" by Caribbean Journal "Best New Business/Spa" by the readers of the VI Daily News What distinguishes The Fred from other hotels? - 6 beautifully renovated and preserved historic structures - only beach front resort that's also located in town - first new hotel to open on St. Croix since 1986 - marketed during development - Phase 2 construction just completed, already with a following of loyal customers - Phase 3 - Coastal Zone Management permit is in hand to construct an 80 foot dock (40' Fixed and 40' Floating) See DOCUMENTS section of listing for further information.

More Information MLS# 20-1232

Location/Area

Plot/Unit Number: 39-42 Island: St. Croix Estate: Frederiksted FR Postal Code: 00840 Quarter: West End Geo Lat: 17.70926 Geo Lon: -64.883245 Directions: Entering Frederiksted from Fisher Street, turn right onto Strand Street. The Fred is in the first block on the left side of the street.

General Property Description

Sold Price: $6,200,000 Realtor.COM Type: Commercial Lot Acres: 0.94 Total Bedrooms: 23 Total Bathrooms: 28 Taxes: 1772.32 Tax Year: 2020 Furnished: Yes Water Front: Yes Pool: Yes Zoning: R-3 Stamp Tax: 50-50 Split

Contract Information

Status: Closed Under Contract Date: 2021-06-11 Current Price: $6,200,000 Begin Date: 2020-07-09 Sold Date: 2021-08-31 Sold Price: $6,200,000 Intended Use: Other

Listing/Selling Member Info

Approx Total Property SqFt: 26800 Approx Ext Sqft: 14000 Approx Int Sqft: 12800

Miscellaneous

Air Conditioning: Split Map Date: 2004-01-15 PWD Dt: 1/15/04 PWD#: 5519 Street Front: Yes

View

Waterfront: Sandy Beach

Business Opportunity

Business Name: The Fred Business Type: Hotel & Restaurant

Cistern

Cistern-Gal: 13000

Listing Info

Sign: No

Property Features

Sale Includes: Land/Bldg & Bus View: Sea; Town; West Amenities: Alternative Energy; Fence; Health Spa; Historic Bldg; Pool; Restaurant Security: Gate; Other Construction: Mixed Roof: Galvanized Water: Cistern; Well Parking: Off Street

Documents

Listing Office: Coldwell Banker St.Croix Realty - GB
Office Phone: 340-778-7000
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.
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