Georgetown Commercial Building (Off Market)

For Sale, USD 1,890,000


Georgetown Commercial Building, Georgetown, EX, ,

Property Type : Other Residential

Property Style : N/A

Build Size : 3,000 ft² / 279 m²

Land Size : 19,602 ft² / 1,821 m² Convert Land Size

Bedroom : 3

Bathroom : 1

Half Bathroom : 1

MLS#: 68199


Property Description

An excellent opportunity to acquire an established mixed-use commercial property in Georgetown, Great Exuma. Situated on approximately 20,000 square feet of land, the property features an approximately 3,000-square-foot existing building that combines residential accommodation upstairs with a ground-floor commercial shell offering a blank canvas for a new vision.The adaptable ground floor lends itself to a variety of potential uses, from retail and offices to hospitality, or another commercial venture, with the flexibility to design and configure the space around its intended purpose.Upstairs, the property includes a three-bedroom, 1.5 bath apartment with a newly completed kitchen featuring marble countertops and wood cabinetry. All windows and glass doors have been replaced with hurricane-impact glass, while ceramic tile flooring extends throughout the property and onto the expansive approximately 2,000-square-foot outdoor terrace.Property Highlights•
Approximately 20,000 sq. ft. lot•
Approximately 3,000 sq. ft. existing mixed-use building•
Ground-floor commercial shell ready for a new vision•
Flexible space for a variety of potential commercial uses•
Three-bedroom, 1.5-bath apartment upstairs•
Newly completed upstairs kitchen•
Marble countertops and wood cabinetry•
New hurricane-impact windows and glass doors throughout•
Ceramic tile flooring throughout•
Approximately 2,000 sq. ft. tiled outdoor terraceAdditional Development PotentialBeyond the existing mixed-use building, fully approved construction plans are in place, together with construction budgets, positioning the project for immediate groundbreaking for the potential development of 16 hotel rooms. A redesigned layout of Lots 146 and 155 is available for those interested in exploring the development concept. The reconfigured layout is designed to separate the existing mixed-use commercial building from the proposed new construction, creating a clear distinction between the two components.The plans contemplate 16 hotel units and approximately 28 parking spaces following construction. Floor plans for the upper and lower levels, together with the proposed development plans and reconfigured lot layout, are available for review.With an existing mixed-use building, adaptable commercial space, residential accommodation above, and plans that introduce further development possibilities, this Georgetown property presents an intriguing opportunity for an entrepreneur, investor, or developer.
More
Georgetown Commercial Building, Bahamas,Exuma,Georgetown is a 3,000ft² Georgetown luxury Other Residential listed for sale USD 1,890,000. This high end Georgetown Other Residential is comprised of 3 bedrooms and 1 baths. Find more luxury properties in Georgetown or search for luxury properties for sale in Georgetown.