Commercial for sale, Northside 'B', in East End, U.S. Virgin Islands

€7,956,429

$7,800,000

East End, Northside 'B'

Commercial premises • Ref: 22-1080

Cane Bay, synonymous with everything that's great about St. Croix. This is your opportunity to own a piece of one of the most beautiful beaches on Island. Most people on St. Croix are familiar with the great food and atmosphere at The Landing Beach Bar at Cane Bay, but the true hidden gem is the amazing property where this great restaurant is located. Over 100 acres zoned R1&R3, property includes 12 Vacation Rental Units, Campground spots, not to mention The Landing Beach Bar and Sweet Bottom Dive Center as great anchor Tenants as well as prime beachfront property on Cane Bay. Centrally located for visitors from all ends of the Island or just the convenience of guest staying here, you couldn't ask for much more. Watch the sunset with a cocktail at the Landing or even a nite dive. Improvements include a large commercial building housing a restaurant (leased), a dive shop (leased), ruins of a historic ox mill (leased), a campground with five primitive cottages and a bath house (leased), and 12 Vacation Rental residential units, one of which is currently occupied by the property manager. The 12 units include a house with apartment and pool, 2 kitchens, 3 bedrooms, 4 baths all treated as one unit, a long building with 4 one bedroom units, 5 free standing cottages, and two units in a container home with outdoor showers. All units have remodeled kitchens and baths, king sized beds and pull out sofas, and have been well maintained. There are two wells on the property which are used to keep the cisterns full and provide plenty water. All units are air conditioned and solar panels and batteries keep the power costs down with backup generators for emergencies. There are hiking trails, with a loop from the purple rental house to the campground that offers a nice level area with beautiful views. Scenic West Road crosses a corner of the property at the top of the hill. Property is made up of 25 parcels, Zoned R1 and R3. See Documents section for details. This prime location has potential for increased occupancy and a multitude of opportunities for further development.

Northside 'B'

East End