$6,750,000

MLS #

24-1852
Beds: 43
Baths: 46
Type: Commercial Sale

ABOUT THIS PROPERTY

THE PALMS HOTEL: Unique turn-key opportunity to acquire growing Caribbean Beach Front Resort with significant value-add development potential. Property comprises four contiguous parcels totaling 7.635AC and over 900 linear feet of sandy beachfront with gorgeous coral reef. Improved with approx 30,000 SF over six buildings. Resort currently has 43 guest rooms and suites.Prior owner had received (now expired) CZM approval to expand to 104 rooms. Buyer can investigate renewal possibilities for substantial upside. Large beach-side pool with adjacent restaurant and bar. Tennis court. Located in Opportunity Zone! Past owner had EDC benefits. Financials available to screened and qualified buyers only. See ‘Documents’ for more info and inventory of personal property included in offering.

PROPERTY FEATURES

LOCATION INFORMATION


Island: St. Croix
Quarter: Queen
Beds: 43
Baths: 46
Directions:

From Christiansted, take Northshore Rd, turn right at Titan Gas station. After last speed bump, make right at The Palms Hotel sign and follow the road until Hotel. Lobby to the left after Tennis Court.

INTERIOR FEATURES


Furnished: Yes
Amenities: Restaurant, Storage, Tennis Court, Pool

EXTERIOR FEATURES


Pool: Yes
View: Buck Island, BVI, East, North, North Shore, Ocean, Sea, St John, St Thomas, STT/STJ, Water
Waterfront: Yes

ADDITIONAL INFORMATION


Property Subtype: 2-4 Multi Units
Lot Size (Acres): 7.63
Stamp Tax: Paid by Buyer
Zoning: R-3

LISTING AGENT

Honnie
Edwards
List Office Name: Calabash Real Estate

Learn More About This Property

    Calculate Your Payments

    mortgage

    Popular Searches

    This Commercial Sale property is located in La Grande Princesse CO and has been listed on Blue Sky Real Estate. This property consists of 7.63 acres and has a listing price of $6,750,000. The property has 43 bedrooms and 46 bathrooms.

    >Web Experience by CrucianPoint
    Loading...