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56 & 56A King Street CH, St. Croix, (MLS# 20-1707)


$9,999,999
56 & 56A King Street CH
St. Croix,
MLS# 20-1707
1 baths


56 & 56A King Street CH, St. Croix,
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Property Description
Great opportunity to own one of St. Croix's finest investment properties in downtown Christiansted and located within the opportunity zone. Hamilton House is a grade A commercial building with a solid rental history. 33,000+ square feet of well laid out office and retail spaces over four floors with numerous options for dividing the spaces to maximize their full rental potential. Hurricane resistant windows and a new roof was installed in 2017. A newly installed elevator system provides access to all floors in the building and should the power go out, the property has two fully automatic Onan generators (350K and 100K). Owner financing available 50% down over 5 years.

Details
Documents
Location/Area
Plot/Unit Number: 56 & 56A
Island: St. Croix
Estate: King Street CH
Postal Code: 00820
Quarter: Christiansted
Geo Lat: 17.746232
Geo Lon: -64.703816
Directions: Located across from the Government House
General Property Description
List Price: $9,999,999
Realtor.COM Type: Commercial
Lot Acres: 0.31
Approx. Sq Ft: 33052
Total Bathrooms: 1
Baths - Half: 14
Taxes: 15219.08
Tax Year: 2020
Furnished: No
Water Front: No
Pool: No
Zoning: C
Stamp Tax: Negotiable
Contract Information
Status: Active
Current Price: $9,999,999
Begin Date: 2020-09-23
Listing/Selling Member Info
Approx Int Sqft: 33052
Miscellaneous
Air Conditioning: Yes
PWD Dt: 1/21/72
PWD#: 1413-A
Separate Meters: Yes
Street Front: Yes
Property Features
Sale Includes: Land & Building
View: Ocean; Town; Water
Amenities: Corner Building; High Traffic; Historic Bldg
Security: Alarm
Construction: Concrete Block
Roof: Galvanized
Supplements
Please see additional information under documents. Hamilton House is a grade A commercial building with a solid rental history and located across from the historic Government House, just minutes away from banks, offices, restaurants and the iconic boardwalk. The beautiful 18th century façade and building towards the street has been preserved with its traditional Danish arches seen throughout Christiansted. The remaining part of the building was built in 1972 and after. Hamilton House has 33,000+ square feet over four floors of well laid out office and retail space. Hurricane resistant windows and a new roof was installed in 2017. A newly installed elevator system provides access to all floors in the building. The property has two fully automatic Onan generators (350K and 100K) and can power the building. ABBAS compliant throughout most of the building. There are numerous options for dividing and renting the spaces to maximize its full rental potential. Whether you are an investor or looking to move your company to St. Croix to take advantage of the EDC benefits this property is a great investment. The Grotto on the lower floor consists of a large open space with beautiful brick arched doors leading out to an inviting courtyard. The french doors adds character and provide light to the space. This space could easily be divided to accommodate multiple store spaces, a café/ restaurant or set up as offices. The bathrooms are ABBAS accessible. First floor consists of a large retail space towards the road which is easily divided and seven offices to the back of the first floor. Second floor consists of 16 offices and 2 large and one smaller conference rooms is almost done with an extensive renovation of the space and has zoned AC throughout of 16 offices, 2 large and one smaller conference rooms. Third floor consists of completely renovated class A-1 office space with 13 offices, open spaces with cubicles, conference rooms and break room A central air, ABBAS compliant bathrooms and is accessible by stairs or the newly installed large elevator. Owner financing vailable 50% down over 5 years. More information available under documents.

Listing Office: Coldwell Banker St.Croix Realty - GB

Information deemed reliable but not guaranteed.

Sunday 18th of April 2021 05:28 PM