Caribbean MLSReal Estate

Commercial building on Main Street, St. Thomas

Not published

The brief

The reason to consider it.

Great opportunity to own a building on Main Street!

This is one of the main tourist attractions on the island, drawing traffic from cruise ships, hotels, as well as local clientele. Perfect for Retail, Coffee Shop/Bar/Restaurant (would require to add a bathroom) etc. and has an upper loft style floor, great for offices, AirBnb, etc. Build your own success!

Main Street has been recently renovated and is looking great. The building just got a freshly renovated front & back facade and new tiles on the main level, ready for your business!

Last confirmed

Type
Commercial
Land
1,744 ft²
Use
Retail
Lettable area
1,905 ft²
Lease
Triple net (NNN)
Zoning
B-1
Year built
Available on request

What this listing includes

  • Restaurant or bar
  • Parking
  • Air conditioning

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