LOCATION LOCATION LOCATION! Exceptional investment opportunity in the heart of downtown St. Thomas. This vacant 6,300 sq. ft. building plus a 41 ft x 109 ft rear lot (offering 14 parking spaces) are both zoned C2, offering tremendous flexibility for full commercial use, full residential development, or mixed use projects. Architectural plans are available to convert the entire building into 11 residential units, creating strong future cash flow with no rent control on newly developed units. The property is fully serviced with municipal water and sewer, natural gas, and hydro. The building currently includes 6 breakers, 6 hydro meters bases, 3 gas meters, 3 furnaces, and 8 existing points of entry. Prime visibility and unbeatable walkability, just steps to City Hall, the Public Library, YMCA daycare, shops, restaurants, bars, and public transit. A rare and versatile opportunity in a high demand location! (id:51532)
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