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114 Castle Coakley QU, 114, St. Croix, (MLS# 24-569)

$2,200,000
114 Castle Coakley QU, 114
St. Croix,
MLS# 24-569
5 baths
114 Castle Coakley QU, 114, St. Croix,
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Property Description
Introducing an extraordinary opportunity in a prime location, brought to you by Gertrude Gumbs, owner of the renowned Gertrude's Restaurant. This expansive commercial space spans over 10,000 square feet, boasting a capacity of 350 seats indoors, complemented by a sprawling covered patio, allowing for a grand total of 500 seats. Currently operating as Gertrude's Restaurant, this versatile property holds immense potential for a myriad of ventures. With its central air conditioning and prominent road frontage, it presents an exceptional investment prospect. Impeccably maintained and equipped, this turnkey establishment has been a pillar in the community for over two decades, catering to a diverse range of events including conferences, social gatherings, weddings, (continued)

Details
Documents
Location/Area
Plot/Unit Number: 114
Island: St. Croix
Estate: Castle Coakley QU
Postal Code: 00820
Quarter: Queen
Geo Lat: 17.720366
Geo Lon: -64.742205
Directions: Driving West on road (Route 68) towards Limetree Bay(Refinery). Business is located across from St. Croix Gas.
General Property Description
List Price: $2,200,000
Realtor.COM Type: Commercial
Lot Acres: 1.06
Total Bathrooms: 5
Taxes: 2675.68
Tax Year: 2023
Year Built: 1993
Furnished: Yes
Water Front: No
Pool: No
Zoning: I-2
Stamp Tax: 50-50 Split
Contract Information
Status: Active
Current Price: $2,200,000
Begin Date: 2024-03-16
Listing/Selling Member Info
Approx Int Sqft: 8459
Miscellaneous
Air Conditioning: Central
PWD#: 4641
Street Front: Yes
Business Opportunity
Business Type: Restaurant
Parking
Parking: Yes
Listing Info
Sign: No
Property Features
Sale Includes: Land/Bldg & Bus
Amenities: Furn/Equip Neg; High Traffic; Restaurant; Storage
Flooring: Tile
Security: 24 Hour Monitor; Alarm
Construction: Concrete Block
Supplements
...and political functions. The space features soaring cathedral ceilings, a fully-equipped office area, a conference room, and a robust 100K generator ensuring uninterrupted operations. Situated on 1.5 acres of land with prominent frontage on a bustling thoroughfare, this property offers ample off-street parking, enhancing its appeal to patrons and clients alike. Its current configuration as a restaurant can seamlessly transition into various commercial endeavors, thanks to its expansive layout and strategic location. Whether you envision a vibrant nightclub, a boutique motel nestled in the rear yard, medical/doctors' offices or a dynamic office space, this remarkable property promises endless possibilities. Ideally positioned within close proximity to banks, restaurants, businesses, and shopping centers, it presents a lucrative opportunity to establish a thriving enterprise in a thriving locale.

Listing Office: Welcome Home Realty

Office Phone: 323-382-9606

Information deemed reliable but not guaranteed.

Saturday 27th of April 2024 12:22 PM