12.82 Acre Undeveloped Lot in St. Thomas
Not published
6 catalogue images. Media provenance, current condition and usage rights are confirmed before an introduction.
The brief
The reason to consider it.
Prime 12.84 acre B3 Zoned mixed use development opportunity in St. Thomas. Ideal for High Density residential workforce housing / office & retail and other commercial uses subject to approvals. Excellent visibility with approximately 1000 feet of prime road frontage, these types of waterfront unique investment opportunities with exceptional long term development potential do not become available often.
- Type
- Land
- Land
- 557,355 ft²
- Zoning
- B-3
- Topography
- waterfront
- Road frontage
- 1000 m
- Permitted uses
- Mixed use development, Residential, Workforce housing, Office, Retail, Commercial
What this listing includes
- Water storage
- Backup generator
- Ocean view
- Beachfront
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
Cost of entry
The asking price is not what it costs.
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