$895,000

MLS Status:

Active

MLS #

24-1360
Beds: 6
Baths: 2
Type: Residential
Square Feet: 2043

ABOUT THIS PROPERTY

3 parcels, zoned R-3, steps from the seaplane, boardwalk, hotels, shopping and nightlife of historic Downtown Christiansted. Located in the Enterprise Opportunity Zone with lucrative tax incentives available. These three adjacent lots have amazing development potential. Income producing from the moment your purchase closes, as one of the parcels is a 12-space cloud-based parking lot, weeks away from being operational. R-3 zoning allows for 24 -unit redevelopment density with up to SIX stories and many uses including: hotel, retail or restaurant. The current owner is an architect who has envisioned and drafted various concept design renderings for executing the perfect income producing venue for this area of Christiansted that is being actively redeveloped. There is a development plan for residential/hotel units, one for a food/shopping hall and one for offices. Any type of developer will bring their dream to fruition in this high traffic location with water views for both visitors and local patrons.
Plot 1CB Water Gut is just under .2 acres and has a 2-story building former residence) and approximately 1,954 square feet. Plot 1CC Water Gut is .193 acres and has two structures on it. One is a 2 bed, one bath home totalling 819 square feet, with a charming gallery and views of the water from the kitchen. The other structure on plot 1CC is not completely constructed and currently features walls. Renovate, restore and be ready for the revitalization of Christiansted town.

PROPERTY FEATURES

LOCATION INFORMATION


Island: St. Croix
Quarter: Christiansted
Beds: 6
Baths: 2
Directions:

Drive into Christiansted town onto North Street and turn left at King Cross Street.

INTERIOR FEATURES


Furnished: No

EXTERIOR FEATURES


Pool: No
View: Neighborhood
Waterfront: No
Building Area: 2,043

ADDITIONAL INFORMATION


Property Subtype: 2-4 Multi Units
Lot Size (Acres): 0.5
Stamp Tax: Paid by Buyer
Zoning: R-3
Construction Materials: Concrete Block

LISTING AGENT

Rhea
Abramson
List Office Name: Calabash Real Estate

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    This Residential property is located in Strand Street CH and has been listed on Blue Sky Real Estate. This property consists of 0.5 acres and has a listing price of $895,000. The property has 6 bedrooms and 2 bathrooms. The year the home was built is 1954.

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