16B Commandant Gade QU, St. Thomas, 00802
$1,300,000
Property Type:
Commercial
Bedrooms:
14
Baths:
12
Lot Size (sq. ft.):
2,614
Status:
Active
Current Price:
$1,300,000
List Date:
5/14/2026
Last Modified:
5/20/2026
Description
Turnkey Investment Opportunity | 12-Unit Apartment Building | 100% Occupied | 8% Cap Rate
Located four blocks from the Waterfront in historic Charlotte Amalie and walking distance to Main Street and its many shops and restaurants.
Major Tax Advantages for Investors - This property sits in both a Federal Opportunity Zone (with potential for capital gains tax deferrals) and a USVI Enterprise Zone, offering qualifying investors up to a 90% reduction in income tax and a 100% property tax exemption. Foreign investors may also benefit from no income or property tax obligations. Please confirm all tax benefits with your tax advisor.
Supplements: The original portion of the building is believed to date to the 1700s, featuring masonry rock walls up to 18 inches thick. Historic Garden Street, once home to the wealthy elite, is now home to restaurants, short-term rentals, boutique hotels, and the top-rated All Saints Cathedral School. Strong local housing demand keeps units consistently occupied, and with short-term rental demand surging across St. Thomas, this property also presents a compelling conversion opportunity. Sale includes the established LLC (Garden Street Lofts) with existing banking infrastructure already in place for rent collection. Reach out for more detailed information.
More Information MLS# 26-942
Location/Area
Plot/Unit Number: 16B
Island: St. Thomas
Quarter: Queens
City: St.Thomas
General Property Description
Realtor.COM Type: Commercial
Taxes: 4215.5
Furnished: No
Tax Year: 2025
Lot Acres: 0.06
Water Front: No
Pool: No
Zoning: B-3
Stamp Tax: Negotiable
Approx. Sq Ft: 4033
List Price: $1,300,000
Total Bedrooms: 14
Total Bathrooms: 12
Listing/Selling Member Info
Approx Int Sqft: 0
Miscellaneous
PWD#: 000000
Separate Meters: Other
Street Front: Yes
Amenities
Historic Bldg: 1
View
St. Thomas: 1
Construction
Masonry: 1
Listing Info
Sign: No
Business Opportunity
Business Name: Garden Street Lofts
Income & Expenses
Annual Income: 120,000
Sale Includes
Land & Building: 1
Land/Bldg & Bus: 1
LocationArea
Estate: Commandant Gade QU
Postal Code: 00802
Geo Lat: 18.343764
Geo Lon: -64.931205
Directions: Next to Family Dental Services in town.
Contract Information
Status: Active
Current Price: $1,300,000
Begin Date: 2026-04-14
Property Features
Sale Includes: Land & Building; Land/Bldg & Bus
View: St. Thomas
Amenities: Historic Bldg
Construction: Masonry
Documents
Survey ›
Listing Office:
Real Solutions Real Estate