Great opportunity to own one of St. Croix’s finest investment properties in downtown Christiansted and located within the opportunity zone. Hamilton House is a grade A commercial building with a solid rental history. 33,000+ square feet of well laid out office and retail spaces over four floors with numerous options for dividing the spaces to maximize their full rental potential. Hurricane resistant windows and a new roof was installed in 2017. A newly installed elevator system provides access to all floors in the building and should the power go out, the property has two fully automatic Onan generators (350K and 100K). Currently operating at 8% Cap rate with 11.5% at full occupancy! Owner financing available 50% down over 5 years. Please see additional information under documents.
Hamilton House is a grade A commercial building with a solid rental history and located across from the historic Government House, just minutes away from banks, offices, restaurants and the iconic boardwalk. The beautiful 18th century faÃ§ade and building towards the street has been preserved with its traditional Danish arches seen throughout Christiansted. The remaining part of the building was built in 1972 and after.
Hamilton House has 33,000+ square feet over four floors of well laid out office and retail space. Hurricane resistant windows and a new roof was installed in 2017. A newly installed elevator system provides access to all floors in the building. The property has two fully automatic Onan generators (350K and 100K) and can power the building. ABBAS compliant throughout most of the building.
There are numerous options for dividing and renting the spaces to maximize its full rental potential. Whether you are an investor or looking to move your company to St. Croix to take advantage of the EDC benefits this property is a great investment.
The Grotto on the lower floor consists of a large open space with beautiful brick arched doors leading out to an inviting courtyard. The french doors adds character and provide light to the space. This space could easily be divided to accommodate multiple store spaces, a cafÃ©/ restaurant or set up as offices. The bathrooms are ABBAS accessible.
First floor consists of a large retail space towards the road which is easily divided and seven offices to the back of the first floor.
Second floor consists of 16 offices and 2 large and one smaller conference rooms is almost done with an extensive renovation of the space and has zoned AC throughout of 16 offices, 2 large and one smaller conference rooms.
Third floor consists of completely renovated class A-1 office space with 13 offices, open spaces with cubicles, conference rooms and break room A central air, ADA compliant bathrooms and is accessible by stairs or the newly installed large elevator.
Owner financing vailable 50% down over 5 years.
CURRENTLY OPERATING AT 8% CAP RATE WITH 11.5% AT FULL OCCUPANCY.
More information available under documents.
X-Amenities: Security: Alarm
Amenities: Corner Building,High Traffic,Historic Bldg
Appliance: Air Conditioning: Yes
- Beds: 0
- Baths: 0
- Half Baths: 0
- Living Area: 33052.00
- Lot Size: 0.31
- Quarter: Christiansted
- Status: Active