108+ La Grande Prince CO, Christiansted, St. Croix 00820

$12,000,000
42
BD
46
BA
List Price
$12,000,000
MLS#
22-1088
Status
ACTIVE
Type
Commercial
Bedrooms
42
Acres
7.63
County
Company
Island
St. Croix
Subdivision
The Palms at Pelican Cove

Property Description

THE PALMS HOTEL: Unique turn-key opportunity to acquire growing Caribbean Beach Front Resort with significant value-add development potential. 30,000SF over six buildings. Resort currently has 42 guest rooms and suites. Past owner had received (now expired) CZM approval to expand to 104 rooms. Buyer can investigate renewal possibilities for substantial upside. Large beach-side pool with adjacent restaurant and bar. Tennis court. Located in Opportunity zone! Past owner had EDC benefits (not longer active). Financials available to screened and qualified buyers only. See 'Documents' for more info and inventory of personal property included in offering.

Additional Information

Unexempt Taxes
$28,743
Pool
Yes

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Calculator source: Real Geeks

Listing courtesy of Calabash Real Estate.