$6,750,000

108+ La Grande Princesse CO, St. Croix, VI 00820, US

Summary

Style: Commercial

Moving Quotes

primary photo for 108+ La Grande Princesse CO, St. Croix, VI 00820, US

Remarks

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.

Details

MLS#: 24-1852
Price: $6,750,000

Style: Commercial

Tax Fee: 28743.28

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Broker Contact

Calabash Real Estate
4126 La Grande Princesse, Christiansted, VI 00820
Christiansted, VI, 00820
US
! (340) 718-5285
! info@calabashrealtors.com
! Website

Information is believed to be accurate but should not be relied upon without verification.
Data Provided by St. Croix Board of Realtors
Last updated: 2024-12-09T11:02:02.000Z.
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