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ABOUT THIS PROPERTY
Two-Story Multi-Unit Building with GRAND-FATHERED RESTAURANT USAGE & recently upgraded 1BR/1.5 bath apt in Charming Gallows Bay! Situated in the heart of C’sted, this corner-lot property offers an incredible investment opportunity just one block from the bayside. The two-story building features a restaurant space, grandfathered in, on the ground floor that is fully renovated and an upper level spacious, upgraded one-bedroom apartment with two entrances, a large kitchen, and thoughtful modern updates. Previously configured as two studio apartments, it can easily be converted back to suit your needs—offering flexibility for residential or rental options. The property has been updated with modern plumbing, electrical, a brand-new roof, fresh paint, & new floors It’s move-in ready for tenants, both residential and restaurant tenants!
Adding to its appeal, many nearby buildings have been beautifully renovated, and Christiansted is as vibrant as ever, drawing locals and visitors from around the globe. This surge in activity means increased business potential for a restaurant tenant and a unique opportunity to offer an Airbnb experience that appeals to travelers seeking proximity to the water and all the hot spots within walking distance in Christiansted.
The restaurant space below, recently renovated with a stylish design featuring artistic tiles and a sleek, modern finish, was previously set up as a smoothie bar. With its built-in counter at the entrance, this versatile space is ideal for a charming coffee shop, an intimate wine bar, a smoothie shop (as previously proven to be successful), or countless other possibilities. When they say “location, location, location” is key to a successful restaurant, this is it! Nestled between Gallows Bay and the lively Christiansted boardwalk, just one block from the bayside and within walking distance to the Ferry dock, this prime spot offers unbeatable potential for success.
An expansive covered outdoor seating area just off the entrance adds ample space for patrons to relax and soak in the island ambiance. A convenient pass-through window seamlessly connects the indoor and outdoor areas, making it easy to serve guests in both settings.
The upstairs apartment used to be two separate efficiency apartments with their own entrances and full bathrooms, making it easy to convert back if that suits your needs and pocketbook best. It was updated to be a more modern and spacious one bedroom apartment with a large kitchen and living area with a half bath and laundry (only dryer works but there is a washer hook up) on one side and a very large bedroom on the other side – enough space to build out a second bedroom to make this a two-bedroom apartment. Between the zoning, configuration, and the grandfathered in restaurant use, the space is flexible to adjust to maximize returns based on local demands, economic factors and your business goals.
Embrace the island lifestyle and capitalize on this dynamic and thriving location and versatile investment building!
PROPERTY FEATURES
LOCATION INFORMATION
From Christiansted town heading east make left into Gallows Bay. Building is on left at the 1st corner.
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This Commercial Sale property is located in Hospital Street CH and has been listed on Blue Sky Real Estate. This property consists of 0.04 acres and has a listing price of $499,000. The property has 1 bedrooms and 2 bathrooms.
