BAH: (242) 326 4800
USA: (305) 600 3357

Cable Beach Manor Apartment Building

Listing Number: 
935
Price: 
$5,200,000
Property Type(s): 
Multi-Family Buildings
Status: 
For Sale
Agent Name: 
Exterior Features: 
Ocean Views
Ocean Front
Gated Community
Pool
Interior Features: 
Air Condition Units
Acreage: 
1.20 acres
Length: 
320 ft
Width: 
150 ft
Community: 
Cable Beach
Google Map: 
Cable Beach Manor

I'm interested

Detailed Description: 
Cable Beach Manor is a 34 unit apartment bui1lding that sits on 1.2 acres of prime beachfront land in the heart of Cable Beach.  The land has 150' of white sand beach and is approximatley 320 feet deep.  The oceanfront building was built in 1939 by Count Ie Marigny and has 16 apartments, of which 12 have direct ocean views. The poolside building was added in 1968 and has 18 apartments with a large attic space that can be utlized or opened up to add additional floors.  Majority of units are dated and would need upgrades and or rennovations.  The land is zoned for commercial use, and would be ideal for a small beach front hotel or residences.  The units compose of 1, 2 and 3-bedroom apartments, fully furnished and equipped with full kitchens and bathrooms. There is also an office building/lobby with  a guest lounge, storage  and laundry facilities.  The oceanfront area has a large patio and lawn, that is great for entertaining or future expansion. There is onsite parking for over 34 cars.  The current business is long term rental (6-12 months) of the 34 units and currently running an ocupany rate of approximately 95% over the pass 4 years.   Adjacent to Sandals hotel this site would be ideal for small resort.