Commercial Complex
Not published
19 catalogue images. Media provenance, current condition and usage rights are confirmed before an introduction.
The reason to consider it.
This historic Danish colonial urban complex, built in 1900, is situated in the thriving heart of Frederiksted town at the water’s edge. It is located just 200 feet from the cruise ship port.
The complex features seven arches made of Danish brick, symbolizing the seven flags that have flown over the Virgin Islands. With a constant flow of traffic from local residents, divers, and cruise ship passengers, it presents an excellent investment or development opportunity.
Located within the Enterprise Opportunity Zone, the property is eligible for tax incentives. It comprises 5 distinct income-producing suites: one restaurant/bar, 3 shops, and 1 office space. The four separate structures surround a sunny courtyard, all adorned with beautiful historic details such as Danish yellow brick and gingerbread trim. There are endless opportunities to increase revenue at this complex.
Last confirmed
- Year built
- 1900
- Type
- Commercial
- Land
- 7,502 ft²
- Use
- Mixed use
- Lettable area
- 4,747 ft²
- Tenants
- 5
- Lease
- Triple net (NNN)
- Zoning
- B-1
What this listing includes
- Parking
- Restaurant or bar
- Furnished
- 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
The asking price is not what it costs.
More listings on the same island. Availability is confirmed when you enquire.
