50 Et Al Strand Street Ch

1 of 26 Photos Map

$525,000

6 Beds

2 Baths

1,954 Sqft

                Highlights of 50 Et Al Strand Street Ch
            

                
                                                Approx Int Sqft
                            1,954
                                                    MLS #
                            24-1360
                                                    Status
                            Active
                                                    Total Approx. SqFt
                            2,043
                                                    Total Bedrooms
                            6
                                                    Year Built
                            1954
                                        
            

                
                                                Lot Acres
                            0.50
                                                    Quarter
                            Christiansted
                                                    Sub Type
                            2 - 4 Multi Units
                                                    Total Bathrooms
                            2
                                                    Total SqFt
                            2,043
                                        
            

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.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.
Additional Info
- Restrictions: Of Record
- Zoning: R-3
Fees and Taxes
- Tax Year: 2024
- Taxes: 822.57

Listing courtesy of Calabash Real Estate, (340) 718-5285.

340.775.9000 Email Us

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