8.16 Acre Waterfront Commercial Land Parcel in St. Thomas
Not published
11 catalogue images. Media provenance, current condition and usage rights are confirmed before an introduction.
The brief
The reason to consider it.
Rare opportunity to own waterfront commercial land on St. Thomas, U.S. Virgin Islands, situated between Frenchtown and the Subbase Port.
This R-3 zoned parcel qualifies for hotel, condominium, or multi-family residential development. Enjoy expansive views overlooking St. Thomas’s harbor, Hassel Island, and Water Island.
Additional information includes restrictions of record and tax details for 2024.
Last confirmed
- Type
- Land
- Land
- 355,403 ft²
- Zoning
- R-3
- Topography
- waterfront
- Permitted uses
- Hotel, Condominium, Multi family residential
What this listing includes
- Water storage
- Ocean view
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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