Commercial property, 577 m²
Philipsburg
* The price is shown as an equivalent and may differ due to the exchange rate
Details
Agent’s description
"Beach Front Fixer Upper"
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A remarkable opportunity—a deeded freehold beachfront fixer-upper property with direct access from Front Street to the pristine white sands of the Caribbean. Once a mixed-use building that featured 9 apartments plus commercial space, this property has been unoccupied since 2017. This location offers endless potential for real estate investors. The ground floor is ideal for a commercial retail space, while residential apartments above could be utilized for long term or vacation rental purposes.
Embrace the chance to renovate the existing structure, breathing new life into its worn charm, or explore the possibilities of demolishing and redeveloping a multilevel building (subject to permit approval). The choice is yours, and the potential for a remarkable project awaits.
One of the key selling points of this property is its exceptional location, providing several reasons to speculate on future appreciation. Just a quarter of a mile away, the former Great Bay Beach Hotel, which is reported to undergo a major rebuild and will be branded as a "Planet Hollywood" Hotel—an exciting development that promises to elevate the area's profile. The proximity to this major developoment presents a unique opportunity for synergistic commercial activities and increased foot traffic.
Additionally, the highly popular "Philipsburg Boardwalk" is anticipated to be extended in the direction of this property. In the near future, it will pass directly in front of this prime location, offering exposure and accessibility. The extension of the boardwalk is set to bring increased tourism, commerce, and investment to the area, making it an ideal time to secure a property with significant potential for commercial activity.
Whether you envision an upscale boutique hotel, or a mixed-use development that capitalizes on the allure of beachfront living, this property provides a blank canvas on which to bring your dreams to life. The beachfront location, coupled with the anticipated developments in the vicinity, guarantees the addition of tremendous value to any project undertaken here.
Seize the opportunity to be at the forefront of an emerging commercial and tourism hotspot. With its beachfront position, direct access to Front Street, and the promise of future developments, this property offers an unrivaled chance to make a mark in the vibrant landscape of Philipsburg. Unleash your creativity, tap into the potential, and become a part of the thriving future that awaits in this exceptional beachfront fixer-upper property.
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Contact: [email protected] / +1 721 556 2111
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Первичный источник: IRETeam (3235921)
Агентство: Island Real Estate team
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