Caribbean MLSReal Estate

Vacant Land for sale - Shirley Street Lot With Prime Frontage - Downtown, Bahamas

Available on request

The brief

The reason to consider it.

Prime commercial lot near Fresh Market in a high-traffic area. Approved plans for the office building are included. Incredible development opportunity, ready to build.

Last confirmed

Type
Land
Zoning
commercial
Build ready
Yes
Subdivision approved
No
Permitted uses
Commercial, Office building
Land
Available on request

What people say about Bahamas

Sources agree that foreigners can own Bahamian property outright and that an ordinary home purchase needs a registration filing through a Bahamian lawyer, not a discretionary permit.

  • Positive Foreign buyers mostly register rather than seek a permit; permit applies to large or commercial land
  • Mixed Closing costs are dominated by a 10% transfer VAT for foreign buyers, usually split with the seller, plus legal fees
  • Mixed Annual property tax is being reshaped in 2026 (new foreign owner-occupied category), and Bahamian realtors dispute fairness
  • Concern Vacant land owned by foreigners carries a notably heavier tax until built on

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