$450,000
St. Croix, 00820
MLS# 24-1360
6 beds | 2 baths | 2043 sqft
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Property Description
3 parcels, zoned R-3, steps from the seaplane, boardwalk, hotels, shopping and nightlife of historic Downtown Christiansted. Located in the Enterprise Opportunity Zone with lucrative tax incentives available. These three adjacent lots have amazing development potential. Income producing from the moment your purchase closes, as one of the parcels is a 12-space cloud-based parking lot, weeks away from being operational. R-3 zoning allows for 24 -unit redevelopment density with up to SIX stories and many uses including: hotel, retail or restaurant. The current owner is an architect who has envisioned and drafted various concept design renderings for executing the perfect income producing venue for this area of Christiansted that is being actively redeveloped.
Details
Maps
Documents
LocationArea
Estate: Strand Street CH
Postal Code: 00820
Geo Lat: 17.746308
Geo Lon: -64.707359
Directions: Drive into Christiansted town onto North Street and turn left at King Cross Street.
Contract Information
List Price: $450,000
Current Price: $450,000
Begin Date: 2024-07-30
General Property Description
Realtor.COM Type: Multi-Family
Lot Acres: 0.5
Approx Total Main House: 1954
Approx Total Property SqFt: 2043
Total Bedrooms: 6
Number of Bedrooms - Main House: 4
Number of Bedrooms - Accessory building: 2
Total Bathrooms: 2
Sub Type: 2 - 4 Multi Units
Taxes: 822.57
Tax Year: 2024
Year Built: 1954
Furnished: No
Water Front: No
Pool: No
Zoning: R-3
Stamp Tax: Paid by Buyer
Status Change Info
Status: Active
Miscellaneous
PWD#: D9-6734-C021
Under Construction
% Complete: 80
Main House
Approx Interior SqFt - Main House: 1954
Unit Info
# Parking: 12
Property Features
View: Neighborhood
Construction: Concrete Block
Terrain: Corner Lot
Supplements
There is a development plan for residential/hotel units, one for a food/shopping hall and one for offices. Any type of developer will bring their dream to fruition in this high traffic location with water views for both visitors and local patrons.
Plot 1CB Water Gut is just under .2 acres and has a 2-story building former residence) and approximately 1,954 square feet. Plot 1CC Water Gut is .193 acres and has two structures on it. One is a 2 bed, one bath home totalling 819 square feet, with a charming gallery and views of the water from the kitchen. The other structure on plot 1CC is not completely constructed and currently features walls. Renovate, restore and be ready for the revitalization of Christiansted town.
OLG 50 Strand Street Listing Office: Calabash Real Estate
Office Phone: 340-718-5285
Information deemed reliable but not guaranteed.
Twice voted Best Real Estate Broker on St. Croix. Coldwell Banker President's Circle three years in a row. 
