Caribbean MLSReal Estate

Commercial Land for Sale - 8 Charlotte Amalie New, St. Thomas, Virgin Islands (u.s.)

Available on request

The brief

The reason to consider it.

COMMERCIALLY ZONED LAND!!! Beautiful piece of commercial property in the heart of TUTU. Located just behind Auto Zone, and adjacent to PriceSmart, this is an opportunity to purchase a large tract of commercial land.

There is just over 101’ of frontage on Rte #38, Rhymer Highway, and a 20’ easement running in front of Auto Zone to the property (see documents) for ingress and egress.

Commercial property does not come on the market often and this gentle sloping piece would be suitable for several different investment opportunities.

Last confirmed

Type
Land
Zoning
Commercial
Topography
sloped
Road frontage
101 m
Permitted uses
Commercial, Investment
Land
Available on request

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