5 Unit Development Property. For Sale

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$ 3,850,000.00

Description

1.19 acres with 5 existing condo units. Literally less than a one minute walk to Grace Bay Beach via the National Park access path. Owner operated as a private residence and vacation rental business. Commercial zoning affords the future construction of 50 additional bedrooms. Located just behind Coral Gardens Resort and the very popular 'Somewhere on the Beach' Café and Lounge. This prime piece of Turks and Caicos real estate represents a rare investment opportunity. The perfect foundation for a boutique hotel or multi-unit vacation rental property.

listing details
  • Listing ID: 00169212074
  • Property type: Multi-family
  • Contract type: For Sale
  • Price: $ 3,850,000.00
  • Bathrooms: 7
  • Bedrooms: 7
  • Stories/Floor: 2
  • Year built: 1997
  • Construction size: 0.00 Sq. Ft. - 0.00 Sq Mt.
  • Lot size: 52,360.00 Sq. Ft. - 4,864.41 Sq Mt.
Features
  • Furnished
  • New
  • Air conditioning
  • View
  • Swimming pool
  • Garage open
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