Caribbean MLSReal Estate

11 Honduras Ss

Not published

The brief

The reason to consider it.

This could be the finest opportunity to own in Frenchtown!!! The package includes a restaurant fully equipped and ready for business, (formerly Taco Chelles), along with four very large residential studio apartments fully furnished and beautifully finished, AND five separate parking spaces on a separate lot, to accommodate any tenants (68 Altona & Welgunst)!!! Excellent location for breakfast lunch and dinner with city parking, water service and sewer. Four residential rentals are really nicely done and can accommodate workers at the restaurant or be an additional source of income as short term AirB&B’s!!! All five unit are separately metered for water & electricity and a 60KW generator can run them all in the event of a power outage!! This is what you ave been looking for!!!

Last confirmed

Type
Commercial
Land
4,187 ft²
Use
Mixed use
Lettable area
3,800 ft²
Occupancy
100%
Tenants
5
Parking
5
Zoning
C
Year built
Available on request

What this listing includes

  • Parking
  • Furnished
  • Restaurant or bar
  • Backup generator

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