3 & 4 Granard Co

SOLD

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• Property Description
  Rare opportunity on St. Croix to own a functioning beachfront income property with 9 units, a tiki bar, and a fabulous & large oceanside veranda with space for a restaurant kitchen. The property is conveniently located mid-island along the south shore and consists of 10+ acres zoned for hotel/condo development, featuring 500 feet of sandy beachfront on a mile of undeveloped beach! The topography is easily buildable and with enough elevation to enable beautiful sea views from all areas of the property. Ongoing improvements are enhancing an already attractive destination and business, yet many exciting expansion options remain for you to create greater revenues and value, from an exquisite restaurant to real estate development and more!Located on the South Shore of St Croix in the US Virgin Islands, on a mile-long public, undeveloped beach, sits a massively built 10,000 sq. ft. two story building, situated less than 100 feet from the beach and elevated 30 feet above sea level. A covered and arched 1600 sq. ft veranda runs the full length of the ocean-side of the building, with steps leading down to the beautiful white sand beach (the property has nearly 500 feet of beachfront), and a 300 sq. ft. block building with plumbing and electric suitable for a Service Bar. The second story of the structure has six fully furnished and individually decorated condo-style residential units (four one-bedroom suites and two studio apartments) with vaulted beamed ceilings and tile floors. Each is AC'd, with spacious private baths, fully equipped kitchens, washers and dryers; over $100,000 of furniture and appliances. The lower level of this massive structure is currently storage / garage area, but is being developed as an entry lobby, with restaurant facility, bar, kitchen area, and public restrooms. Plans are in place; the work has started. Great time to put your own touch on this and see YOUR vision through. There is a water well on the property and a high capacity R.O. (Reverse Osmosis) purification system to supplement captured rainwater (25,000 gallon cistern). Also on the property is a free standing one bedroom cottage, and a duplex, which is currently where the manager and maintenance man reside. The property is 10.67 acres, with elevations up to about 75' above sea level; so the views from structures anywhere on the property would have amazing views of the Caribbean sea. This is a very, very special place. The waters here are calm and warm, there's always a nice, tropical breeze blowing, and there's plenty of shade on the beach from the swaying palms.
• Additional Info
  • Intended Use: Other
  • Waterfront: Yes

  • Restrictions: None Noted
  • Zoning: R-3
• Amenities
  • Furnished: Partial
• Fees and Taxes
  • Tax Year: 2019

  • Taxes: 2771.34

Listing courtesy of Sea Glass Properties St Croix.