Caribbean MLSReal Estate

3 Thomas New Restaurant - St. Thomas

Not published

The brief

The reason to consider it.

Exceptional opportunity to acquire an established, fully equipped restaurant in St. Thomas. Step into a turnkey operation from day one! Located in a high-traffic, high-visibility St. Thomas location with a favorable lease. The sale includes the tradename, furniture, fixtures, and equipment (FF&E), and goodwill. Inventory is to be sold separately.

Possible seller financing terms are available to qualified buyers. An NDA and proof of financial capability are required.

Last confirmed

Type
Commercial
Use
Hospitality
Lettable area
1,496 ft²
Zoning
C
Land
Available on request
Year built
Available on request

What this listing includes

  • Furnished
  • Restaurant or bar

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