2-B King Street FR, St. Croix, 00840 (MLS# 20-578)

2-B King Street FR, St. Croix, 00840

$1,550,000

Bedroom 1...all units are beautifully furnished

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

Overview

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.

Listing Details MLS# 20-578

LocationArea

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

General Property Description

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

Under Contract Date: 2023-03-16
Begin Date: 2020-03-19
Sold Date: 2023-05-22
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

More Information

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

Documents

First Floor Layout ›

Listing Office: Blue Sky Real Estate

Office Phone: 340-719-1409

Information deemed reliable but not guaranteed.