Beach Front Investment Property
Available on request9 catalogue images. Media provenance, current condition and usage rights are confirmed before an introduction.
- Type
- Commercial
- Land
- 6,211 ft²
- Interior
- Available on request
- Year built
- Available on request
What this listing includes
- Beachfront
- Restaurant or bar
- Parking
The reason to consider it.
Opportunity Knocks!
This beachfront fee simple deeded land right on the beach in Great Bay is a perfect investment opportunity. A commercial space on Front Street and 8 one-bedroom apartments generate solid ROI. This 2-storey building has the possibility to add a 3rd level. A recent appraisal is on file, as well as an engineering report and a repair quote to bring the building back to a high value. This is a high-return investment property.
The property is available for a quick sale price of $1.1 million. The engineering repair costs are quoted at $272,000. At a total cost of $1.37 million, the property will give a 10% ROI. If a 3rd floor is added, more income will be generated, as well as the possibility to purchase more beach front to build a restaurant and bar if desired. Many options exist for the property! This kind of opportunity doesn’t come by often, so don’t pass this up.
Sint Maarten
The shaded area shows Sint Maarten, not the home itself. We share the exact address, access and boundaries once we have spoken.
The asking price is not what it costs.
More listings on the same island. Availability is confirmed when you enquire.
