Active

108+ La Grande Princesse CO, 108+

St. Croix VI, 00820

$7,000,000


Active

42 Beds

46 Baths

Commercial

Built in 1966

THE PALMS HOTEL: Unique turn-key opportunity to acquire growing Caribbean Beach Front Resort with significant value-add development potential. Property comprises four contiguous parcels totaling 7.635AC and over 900 linear feet of sandy beachfront with gorgeous coral reef. Improved with approx 30,000 SF over six buildings. Resort currently has 42 guest rooms and suites.Prior 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. Financials available to screened and qualified buyers only. See 'Documents' for more info and inventory of personal property included in offering.

24-1852

MLSⓇ ID

October 23, 2024

Listed

October 31, 2024

Updated

Map

108+ La Grande Princesse CO, 108+
St. Croix VI, 00820

Interior Features

Bedrooms

42


Total Bathrooms

46


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

7.63 Acres

Other Property Details

Area Name

St. Croix


Association Amenities

Restaurant, Storage, Tennis Court, Pool


Garage

No


View

Yes


View Description

Buck Island, BVI, East, North, North Shore, Ocean, Sea, St John, St Thomas, STT/STJ, Water


Pool

No


Zoning

R-3

Listed by Honnie M Edwards with Calabash Real Estate

Based on information from the St. Thomas Board of REALTORS® as of 10/31/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 St. Thomas Board of REALTORS® all rights reserved.

Data last updated on 10/31/2024 at 12:19 PM UTC

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