Caribbean MLSReal Estate

Downtown Christiansted Commercial Building

Not published

The brief

The reason to consider it.

Iconic block in downtown Christiansted, St. Croix, completely restored by renowned J. Benton Construction in 2016, anchors this part of town. Consisting of 4 commercial storefronts including arguably the most beautiful restaurant on St. Croix AND a quaint, West Indian cottage.

This historic property is unparalleled in its beauty, craftsmanship, and incomparable condition. It is 100% occupied and conveniently located next to the vegetable market. Public parking is available. A large, 150 Kw diesel generator supplies back-up power to the entire complex, and all units are separately metered.

This is a perfect opportunity to own a property rich in history without doing the work to bring it into the 21st century.

Last confirmed

Year built
1931
Type
Commercial
Land
19,375 ft²
Use
Mixed use
Lettable area
68,889 ft²
Occupancy
100%
Tenants
4
Lease
Gross
Parking
2
Zoning
B-1

What this listing includes

  • Restaurant or bar
  • Backup generator
  • Parking

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