Caribbean MLSReal Estate

Industrial Zoned Land with Dual Road Access

Not published

The brief

The reason to consider it.

Industrial zoned land (I2) with dual road access to Hess Bypass road and the Melvin Evans Highway offers an outstanding opportunity for development. This 9 acre parcel is perfectly situated between 2 highly trafficked roadways - Melvin Evans Highway & Limetree (HESS/HOVENSA) bypass road, and across from Home Depot & Auto Zone. This piece is a few hundred feet east of the Home Depot traffic light. I2 zoned land in a highly trafficked area is a rarity. I2 zoned land has a minimum lot size of 5000 sf.

Last confirmed

Type
Land
Land
397,683 ft²
Zoning
I-2
Permitted uses
Commercial, Industrial, Business

What this listing includes

  • Parking
  • On-site security
  • Conference room

What people say about US Virgin Islands

Sources agree that the US Virgin Islands is simple to enter for Americans, since it is US territory, but costly to run once there.

  • Concern WAPA electricity is expensive and outages are routine; backup power is treated as standard
  • Concern Insurance is a hard market: higher premiums, large percentage windstorm deductibles, trouble for wood-frame homes; flood is separate
  • Mixed Closings are attorney-led, take longer than on the mainland, and need a USVI-licensed lender; surveys matter on irregular hillside lots
  • Mixed Condo costs are driven by windstorm insurance; check reserves and master policy before buying

Read what people say, based on 14 sources

Cost of entry

The asking price is not what it costs.

What completing costs

US dollars

Who bears the transfer cost is market practice, not law