Description
5 King Street is a B-1 zoned single-story historic structure situated on approximately 0.10 acres (4,356 sq ft) in the heart of downtown Christiansted. The property features a courtyard configuration with mixed-use occupancy, currently housing a real estate office and a courtyard restaurant. This property occupies a rare and highly desirable niche within the historic core: a single-story building on a main thoroughfare, with an interior courtyard, existing commercial income, and the uncommon ability to accommodate on-site parking. Courtyard properties with off-street parking are exceptionally limited in downtown Christiansted, giving this asset a distinct competitive advantage over nearby comparables. The courtyard offers flexibility of uses. Additionally, the property includes a substantial concrete block storage structure within the courtyard area, providing valuable ancillary utility. Included in this listing under the documents tab are renderings for a studio apartment for above the storage structure. Located within the USVI Opportunity Zone, the property may offer potential tax-advantaged investment benefits, subject to buyer qualification and applicable regulations. The property is being sold as-is.
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School Ratings & Info
Description
5 King Street is a B-1 zoned single-story historic structure situated on approximately 0.10 acres (4,356 sq ft) in the heart of downtown Christiansted. The property features a courtyard configuration with mixed-use occupancy, currently housing a real estate office and a courtyard restaurant. This property occupies a rare and highly desirable niche within the historic core: a single-story building on a main thoroughfare, with an interior courtyard, existing commercial income, and the uncommon ability to accommodate on-site parking. Courtyard properties with off-street parking are exceptionally limited in downtown Christiansted, giving this asset a distinct competitive advantage over nearby comparables. The courtyard offers flexibility of uses. Additionally, the property includes a substantial concrete block storage structure within the courtyard area, providing valuable ancillary utility. Included in this listing under the documents tab are renderings for a studio apartment for above the storage structure. Located within the USVI Opportunity Zone, the property may offer potential tax-advantaged investment benefits, subject to buyer qualification and applicable regulations. The property is being sold as-is.
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