34-A,B&Rem Freemans Ground
St John, VI 00830
MLS# 20-291
Status: Closed
33106 sqft

Shipwreck Landing waterfront location
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Shipwreck Landing waterfront location Shipwreck Landing Black side lines are approximate location Great location to attract charter boat activity Convenient location on main road 108 Shipwreck Landing Shipwreck Landing Shipwreck Landing Shipwreck Landing "Island style" complex "Island style" complex Plenty of room to expand Shipwreck complex, restaurant foundation on right Old Shipwreck Landing Restaurant - Pre Hurricanes Old Shipwreck Landing Restaurant - Pre Hurricanes Old Shipwreck Landing Restaurant - Pre Hurricanes Old Shipwreck Landing Restaurant - Pre hurricanes Very old Shipwreck Landing Restaurant - Pre hurricanes

Property Description
Great waterfront opportunity! Shipwreck Landing is an ''island style'' complex located on the water's edge in Coral Bay consisting of 3 parcels with W-1 & B-3 zoning that total .76 acre with plenty of room to expand or possibly put in a floating dock to attract boat charter activity. There are currently 2 buildings that have 3 operating businesses and also the concrete foundation that once had a popular restaurant. New owner has many options to rebuild restaurant & expand on this B-3 zoned parcel. Seller financing available. Property being sold ''as is, where is''. Noted exclusion on file. Buyer to verify square footages and cistern capacity.

Contract Information
Current Price: $825,000
Status: Closed
Book Section: COMMERCIAL
Realtor.com Type: Commercial
List Date: 2020-09-30
Sold Date: 2021-01-08
List Price: $975,000
Sold Price: 825000
Terms: seller finance
Financing: Owner
Intended Use: Other
Location, Legal, and Tax Information
Parcel Number: 34-A,B&Rem
Estate: Freemans Ground
Quarter: Coral Bay
Island: St John
Country: US
State/Province: VI
Postal Code: 00830
Subdivision: None
Easements: Of Record
Zoning: B-3 Business
Restrictions: None
Stamp Tax: equally split
General Property Description
Business Name: Shipwreck Landing
Total SqFt. (+/-): 33106
Building Size (+/-): 1370
Lot Size In Acreage: 0.76
Lot Size In SqFt: 33105.6
DBA: Shipwreck Landing
Hurricane Damaged Property: Yes
Hurricane Damage Source: Yes
Sale or Lease: Sale
Lease Information
Lease Options: 5 years
Lease Terms: 5 years
Monthly Rent: $4,246.
Ownership Info
# of Employees: n/a
Salary: n/a
Total Payroll: n/a
Hours: n/a
Working Owner: no
Years Established: varies
Years Present Owner: 15
Days Open: varies
Form of Ownership: LLC
Reason for Selling: other interests
Financial Info
Gross Income: 50,952.
Property Features

Listing Agent: Lynn Giovanna

34-A,B&Rem Freemans Ground, St John, VI 00830 - MLS# 20-291

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