2-B King Street FR, St. Croix,

$1,699,000
Property Type: Commercial Bedrooms: 7 Baths: 3 Square Footage: 7,346 Lot Size (sq. ft.): 5,663 Status: Closed
Current Price: $1,550,000 List Date: 7/27/2022 Last Modified: 5/22/2023

Description

Commercial building in the heart of downtown Frederiksted features over 3700 SF of office/retail space on the first floor and 3 gorgeously renovated, fully furnished and air conditioned apartments on the second level. With over $450,000 in improvements just in the last year including upgrades to electric & plumbing systems, new appliances and kitchen/bathroom cabinetry as well as a back-up generator and a shared laundry facility, this building is fully occupied and generating income. Conveniently located steps from restaurants, cafes, parks and sandy F'sted beaches, this building offers the perfect mixed-use investment.

More Information MLS# 20-578

LocationArea

Estate: King Street FR Postal Code: 00840 Geo Lat: 17.714864 Geo Lon: -64.882915 Directions: Last building on King Street (at King & Lagoon St) and directly across from Buddhoe Park

General Property Description

Sold Price: $1,550,000 Realtor.COM Type: Commercial Lot Acres: 0.13 Total Bedrooms: 7 Total Bathrooms: 3 Baths - Half: 2 Sub Type: 2-4 Multi Units Taxes: 2930.74 Tax Year: 2019 Year Built: 1969 Furnished: Partial Water Front: No Pool: No Zoning: C Stamp Tax: Paid by Seller

Contract Information

Status: Closed Under Contract Date: 2023-03-16 Current Price: $1,550,000 Begin Date: 2020-03-19 Sold Date: 2023-05-22 Sold Price: $1,550,000 Intended Use: Other

ListingSelling Member Info

Approx Total Property SqFt: 7346

Miscellaneous

Air Conditioning: Split PWD#: Measure Brief

Unit 1 Info

SqFt: 3724 Rent: 4656.25 Remarks: 1st Floor

Unit 2 Info

SqFt: 1692 Rent: 1800 Remarks: 2nd Fl, Unit 1

Unit 3 Info

SqFt: 730 Rent: 1500 Remarks: 2nd Fl, Unit 2

Unit 4 Info

SqFt: 800 Rent: 1500 Remarks: 2nd Fl, Unit 3

Property Features

Sale Includes: Land & Building View: Sea; Town; Water Amenities: Corner Building; High Traffic; Shops; Storefront Flooring: Terrazzo Security: Gate; Grillwork Construction: Concrete Block Roof: Concrete Parking: Off Street
Listing Office: Blue Sky Real Estate
Office Phone: 340-719-1409
Information deemed reliable but not guaranteed.

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