Cole Bay Commercial Building Cole Bay, St Maarten

Property Reference No: 294
Property type: Commercial property
Area (Sq Ft)


Price Reduced from USD $2,100,000 for a quick sale! Don’t miss this opportunity!

Kwik Ideas in St. Maarten / St. Martin has been successfully operating on the island for over 40 years. Owners are retiring. The property is located in the heart of busy Cole Bay, which is heavily trafficked and is lined mainly with commercial and retail properties. Excellent retail and or commercial ventures possible for this incredible space. Also suitable for warehousing, shipping, fabrication, storage or manufacturing. The large space can also be cut up into smaller sections and sold off as there are separate titles to this complex.
The building, which faces Locus Tree Drive, is built on concrete foundations with steel framed walls and concrete block infill. The roofs are clad in ribbed metal sheeting. A two-storey link has been created to the two warehouse spaces to the NE. The ground floor level has been converted to a massive showroom, and full second levels have been built, partly used as showroom, partly as storage.
Colebay is known for being central on the island, with easy access to the French side and close to Philipsburg. This makes this location even more valuable as you can trade with the Dutch and French easily.
The building has great curb appeal and has been well maintained and up kept over the years as it has been run as a retail operation.
Full appraisal done in 2013 valuing building with land at $2,225,000.US.
A total area of land: 1084m2
The land is 100% free-hold land, not leased.
�Front parking as well as side.
�Additional storage room
�Storm & security shutters
�Well maintained
�Inventory available to purchase (negotiable)
�Business available to purchase (negotiable)