Caribbean MLSReal Estate

9 Acres of Commercial Land for Sale, Carmichael Road, New Providence, Bahamas

Available on request

The brief

The reason to consider it.

9 acres of vacant commercial land for sale in The Bahamas located north of Carmichael Road, New Providence. This commercial lot offers substantial development space in western Nassau with convenient access to major roadways.

The property sits between Coral Harbor Road and Gladstone Road, 1.7 miles east of Coral Harbor Road, 1.8 miles west of Gladstone Road, and 0.4 miles north of Carmichael Road in western New Providence.

With its substantial size and convenient location, this commercial land presents development opportunities in The Bahamas.

Last confirmed

Type
Land
Land
395,714 ft²
Zoning
commercial
Permitted uses
Commercial

What people say about Bahamas

Sources agree that foreigners can own Bahamian property outright and that an ordinary home purchase needs a registration filing through a Bahamian lawyer, not a discretionary permit.

  • Positive Foreign buyers mostly register rather than seek a permit; permit applies to large or commercial land
  • Mixed Closing costs are dominated by a 10% transfer VAT for foreign buyers, usually split with the seller, plus legal fees
  • Mixed Annual property tax is being reshaped in 2026 (new foreign owner-occupied category), and Bahamian realtors dispute fairness
  • Concern Vacant land owned by foreigners carries a notably heavier tax until built on

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