Commercial for sale, Frederiksted, in Frederiksted, U.S. Virgin Islands

€3,774,204

$3,700,000

Frederiksted

Commercial premises • Ref: 22-152

THE INN ON STRAND STREET! Excellent opportunity to own a turnkey hotel in the heart of downtown Frederiksted overlooking the Caribbean Sea. The hotel is comprised of 35 guest rooms in various arrangements, each with an efficiency kitchen. High quality German impact windows and doors line the sea side balconies. Solid, poured concrete construction including a concrete roof and large cistern. The property is outfitted with electronic locks to allow for an AirBnB Hotel with self check or could be run as a full service hotel with lobby receptionist.Sale includes two additional parcels with historic structures for renovation or expansion. Hotel, restaurant and therapy office are leased on a month-to-month basis. Hotel laundry facilities on-site with additional coin operated laundry for guests. 85KW diesel generator will run the entire operation. The power lines to the building come from underground and Strand Street is a priority for power restoration after a hurricane. The strength, security, height and location of the building all make the hotel the perfect place and vital to the government for military, police, public housing and emergency operation command center during public crisis. May be eligible for economic development commission tax incentives and is located within the Frederiksted opportunity and enterprise zones.

Frederiksted

Frederiksted