Prospect St James, NY BB1234
- Retail properties
- 15,000 SF
Current Use by Public Records
- Retail properties
Property Details for 0 Prospect
- Property size
- 15,000 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional property in St. James, Barbados, presents a unique investment opportunity for developers and investors. Situated on a double lot encompassing over 15,000 square feet of pristine beachfront land, this vacant property offers unparalleled location and investment potential. Direct access to the Caribbean Sea and stunning coastal views create a luxurious setting. The existing 6,976 square foot building, previously a restaurant, provides a solid foundation for redevelopment. The property's expansive size allows for the creation of two separate luxury villas or a multi-unit condominium complex, catering to the high demand for premium coastal living in Barbados. The Prospect neighborhood is known for its upscale ambiance and proximity to amenities. Barbados's stable economy and thriving tourism industry make this a prime investment location, offering potential for both immediate returns and long-term appreciation. The property is priced at $3,650,000, with a price per square foot of $243.33. The property includes five keys. The government of Barbados offers attractive tax incentives for tourism sector investments, including potential tax holidays and reduced rates. This is a turnkey opportunity to capitalize on the island's robust tourism market and create a high-end beachfront establishment. No furniture is included.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- St James
- County
- State
- New York
- Longitude
- -73.148
- Latitude
- 40.8969
