74-2 Cruz Bay Town, St John, VI 00830 (MLS# 19-464)


$5,050,000
74-2 Cruz Bay Town
St John, VI 00830
MLS# 19-464



74-2 Cruz Bay Town, St John, VI 00830
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74-2 Cruz Bay Town, St John, VI 00830 74-2 Cruz Bay Town, St John, VI 00830 74-2 Cruz Bay Town, St John, VI 00830 74-2 Cruz Bay Town, St John, VI 00830 74-2 Cruz Bay Town, St John, VI 00830 Walking distance to Cruz Bay beach One minute walk to the ferry dock! 74-2 Cruz Bay Town, St John, VI 00830 Inviting lobby & welcome area 74-2 Cruz Bay Town, St John, VI 00830 Penthouse suite 74-2 Cruz Bay Town, St John, VI 00830 One of fifteen unique guest rooms Penthouse bathroom 74-2 Cruz Bay Town, St John, VI 00830 Penthouse kitchen One of fifteen unique guest rooms One of fifteen unique guest rooms One of fifteen unique guest rooms 74-2 Cruz Bay Town, St John, VI 00830 74-2 Cruz Bay Town, St John, VI 00830 83 solar panels & diesel backup generator Anchor tenant below hotel 74-2 Cruz Bay Town, St John, VI 00830

Property Description
Priced at 2019 Appraised Value. Licensed 15 Key hotel with premium restaurant space in the heart of Cruz Bay, St. John, USVI. Business includes rare valuable town real estate ownership & long-term leasehold mix. Strong 8.5% CAP rate & tremendous potential for increased revenue due to current below market-value room rates, & with the implementation of modern marketing techniques. Superb location, just a 1 minute walk from the ferry dock & beach! Excellent condition, 83 solar panels and diesel backup generator. Solid steakhouse anchor tenant. Ten year track record/reputation, consistently ranked #1 hotel on TripAdvisor with 5 stars & over 500 reviews. Excellent turn-key business opportunity with tons of repeat guest clientele - a true money maker! See supplement.

Details
Contract Information
Current Price: $5,050,000
Status: Active
Book Section: COMMERCIAL
Realtor.com Type: Commercial
List Date: 2019-11-29
List Price: $5,050,000
Financing: Conventional
Location, Legal, and Tax Information
Parcel Number: 74-2
Estate: Cruz Bay Town
Quarter: Cruz Bay
Island: St John
Country: US
State/Province: VI
Postal Code: 00830
Zoning: B-3 Business
Restrictions: None
General Property Description
Business Name: Cruz Bay Hotel
Building Size (+/-): 5546
Year Built: 1980
Lot Size (+/-): 1500 sq ft
DBA: Cruz Bay Hotel
Hurricane Damaged Property: No
Addl Property Info
Parking: 3+ spaces
Storage: 250 sq ft
Ownership Info
# of Employees: 2
Hours: 24
Years Established: 9
Years Present Owner: 10
Days Open: 7
Financial Info
Expenses: To qual buyer
Gross Income: To qual buyer
Net Income: To qual buyer
Gross Sales
Total: To qual buyer
Annual Expenses
Total: To qual buyer
Price Inclusions
Other 1: Website
Property Features
Supplements
Physical property and financials were unaffected by 2017 hurricanes. Current owners willing to train. Real estate to be conveyed includes the .04 acre parcel, original hotel building, and leased restaurant tenant space, in addition to a very long term lease on the recent expansion of hotel rooms and updated welcome lobby on adjacent property.

Listing Agent: Amanda Arquit

74-2 Cruz Bay Town, St John, VI 00830 - MLS# 19-464

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Monday 9th of December 2019 09:32 PM