7-8 et al King Street CH, 7-8 et al, St. Croix, (MLS# 23-1636)

$6,900,000
7-8 et al King Street CH, 7-8 et al
St. Croix,
MLS# 23-1636
9 baths
7-8 et al King Street CH, 7-8 et al, St. Croix,
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Property Description
Alexander Hamilton, founding father of the US and the first Secretary of Treasury during George Washington's presidency, started his career working as a clerk in this iconic building. It is a 23,248 sq ft office building located within the Opportunity Zone and equipped with all modern infrastructure. Over $1,000,000 in recent improvements includes new premium roof coating, new impact windows, new central air conditioning systems, new cedar shakes on the mansard roof, complete painting of the building and installation of a state-of-the-art elevator. Other features include: 24 parking spots and a 150 KW generator. Move your company to St. Croix and take advantage of the tax benefits offered in the Virgin Islands. With a nearly 100% occupancy rate, the property is an ideal investment.

Details
Maps
Documents
Location/Area
Plot/Unit Number: 7-8 et al
Island: St. Croix
Estate: King Street CH
Postal Code: 00820
Quarter: Christiansted
Geo Lat: 17.745138
Geo Lon: -64.704823
Directions: Heading East into Christiansted, building is on the corner of King and King Cross Street on the right side. Yellow Building.
General Property Description
List Price: $6,900,000
Realtor.COM Type: Commercial
Lot Acres: 0.26
Total Bathrooms: 9
Taxes: 12864.9
Tax Year: 2023
Year Built: 1700
Furnished: No
Water Front: No
Pool: No
Zoning: B-1
Stamp Tax: Paid by Buyer
Contract Information
Status: Active
Current Price: $6,900,000
Begin Date: 2023-10-04
Listing/Selling Member Info
Approx Int Sqft: 23248
Miscellaneous
Air Conditioning: Central
PWD#: 1706
Separate Meters: Yes
Street Front: Yes
Amenities
Approx. Cistern Size: 46000
Flooring
Other: Laminate Floor
Cistern
Cistern-LWD: 46,000
Parking
Parking: Yes
# of Spaces: 26
Property Features
Sale Includes: Land & Building
View: East; Harbor; Sea; Town; Water
Amenities: Corner Building; High Traffic; Historic Bldg; Storage; Storefront
Flooring: Carpeting; Tile
Security: Alarm
Construction: Masonry
Roof: Galvanized; Shingle
Water: Cistern
Cistern: Apx Gallon
Supplements
The building consists of three uniquely designed floors accessible either by the newly installed state of the art elevator, or the elegant interior and exterior staircases. The building has been meticously maintained and with all the upgrades made, this is one of few buildings on St. Croix of this quality and size. As you step off the elevator onto the third floor you are welcomed to a cozy outdoor balcony with beautiful views of historic Christiansted. Upon entering the foyer of the third floor, you are greeted by a lovely spiral staircase to access the second floor as well as hallways to access the North and South sides of the building. To the North of the building is a spacious office space with a conference room, two offices and a balcony overlooking King Cross Street. There are also bathrooms, maintenance and storage space on this side of the building. To the South of the building are 8 separate office spaces, one with a kitchen, as well as additional storage space. The second floor houses three office suites, two of which house an exquisitely appointed legal office with over 17 office spaces, 3 conference rooms, 2 kitchens, and 4 bathrooms. Two of the bathrooms are fully updated baths including new tile with showers and a bathtub.The third suite has its own outdoor access with 3 offices, reception and a balcony overlooking King Cross Street. The first floor encompasses three distinct spaces. Upon entering the foyer of the first floor you are greeted by a spacious wood-paneled office area. The elegantly curved layout creates a warm and inviting office space, culminating in a bank vault with solid concrete walls and a Mosler vault door, a relic from its days as a Citibank branch. The second suite, comprising multiple office spaces, covers just under 3,000 sq. ft, while the third suite, has an open layout with six distinct offices and an outdoor gallery overlooking King Cross Street. There are multiple bathrooms and storage rooms throughout the first floor. The building also has a basement area consisting of approximately 300 sq.ft. and ideal space for storage. There is a 50 gallon "day tank" for diesel fuel plus an 800 gallon diesel tank on premises for the generator. Along with the cistern, the building is also serviced by the public potable water and sewage system. The on-site parking lot is an ultimate feature for employees and guests and one of the few in downtown Christiansted. A second story could be constructed over the parking lot to accommodate either more parking or office space. An arched breezeway drive through allows cars to enter the parking on King Street and exit onto King Cross Street. 7-8 King Street presents a rare opportunity to own a piece of history with modern amenities, parking and prime location. The advantageous tax programs offered in the Virgin Islands makes it an ideal investment for an investor or for relocating your company to St. Croix. For more information on some of the tax programs offered in the Virgin Islands visit:https://www.usvieda.org/incentives/edc-program

Listing Office: Sea Glass Properties St Croix

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Information deemed reliable but not guaranteed.

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