16B Commandant Gade QU, St. Thomas, 00802 (MLS# 26-942)

16B Commandant Gade QU, St. Thomas, 00802

$1,300,000

Property Type: Commercial Bedrooms: 14 Baths: 12 Lot Size (sq. ft.): 2,614 Status: Active

Current Price: $1,300,000 List Date: 5/14/2026 Last Modified: 5/20/2026

Overview

Description

Turnkey Investment Opportunity | 12-Unit Apartment Building | 100% Occupied | 8% Cap Rate Located four blocks from the Waterfront in historic Charlotte Amalie and walking distance to Main Street and its many shops and restaurants. Major Tax Advantages for Investors - This property sits in both a Federal Opportunity Zone (with potential for capital gains tax deferrals) and a USVI Enterprise Zone, offering qualifying investors up to a 90% reduction in income tax and a 100% property tax exemption. Foreign investors may also benefit from no income or property tax obligations. Please confirm all tax benefits with your tax advisor.

Supplements: The original portion of the building is believed to date to the 1700s, featuring masonry rock walls up to 18 inches thick. Historic Garden Street, once home to the wealthy elite, is now home to restaurants, short-term rentals, boutique hotels, and the top-rated All Saints Cathedral School. Strong local housing demand keeps units consistently occup ... (Read more)

Listing Details MLS# 26-942

LocationArea

Estate: Commandant Gade QU
Postal Code: 00802
Directions: Next to Family Dental Services in town.

General Property Description

Realtor.COM Type: Commercial
Lot Acres: 0.06
Approx. Sq Ft: 4033
Total Bedrooms: 14
Total Bathrooms: 12
Taxes: 4215.5
Tax Year: 2025
Furnished: No
Water Front: No
Pool: No
Zoning: B-3
Stamp Tax: Negotiable

Contract Information

Begin Date: 2026-04-14

Miscellaneous

PWD#: 000000
Separate Meters: Other
Street Front: Yes

Business Opportunity

Business Name: Garden Street Lofts

Listing Info

Sign: No

More Information

Location/Area

Plot/Unit Number: 16B
Island: St. Thomas
Quarter: Queens
City: St.Thomas

Listing/Selling Member Info

Approx Int Sqft: 0

Amenities

Historic Bldg: Yes

View

St. Thomas: Yes

Construction

Masonry: Yes

Income & Expenses

Annual Income: 120,000

Sale Includes

Land & Building: Yes
Land/Bldg & Bus: Yes

Property Features

Sale Includes: Land & Building; Land/Bldg & Bus View: St. Thomas Amenities: Historic Bldg Construction: Masonry

Documents

Survey ›

Floor plan (approximate) ›

Listing Office: Real Solutions Real Estate

Information deemed reliable but not guaranteed.