19-1594

$99,900
24 Honduras SS
St. Thomas,
MLS# 19-1594
Status: Closed
937 sqft
The Rum Shandy
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The Rum Shandy Dining under the awning THE RUM SHANDY awning will be replaced bar Entrance to inside dining w A/C inside dining w A/C inside dining The Rum Shandy Kitchen 24 Honduras SS, St. Thomas, storage storage Bar The Rum Shandy in Frenchtown Dining under the awning

Property Description
Right smack in the middle of Frenchtown with a high profile, this bar/restaurant has a very good following and just needs an energetic new owner with some fresh ideas to bring it up to what it can be. Build on the menu and ideas or start a new concept. Rent is excellent and dining inside and outside. Two private dedicated parking spaces which is unique to Frenchtown! Huge standby diesel generator so you can run without interruption.

Details
Documents
Location/Area
Plot/Unit Number: 24
Island: St. Thomas
Estate: Honduras SS
Quarter: Crown Prince
Geo Lat: 18.336845
Geo Lon: -64.940968
Directions: Waterfront (Veterans) Highway to Frenchtown, turn in at sign proceed straight, turn right at Ball field, see THE RUM SHANDY on your left.
Postal Code: 00802
General Property Description
Current Price: $78,000
Sold Price: $78,000
Available Date: 2019-10-31
Realtor.COM Type: Commercial
Sub Type: Business Opportunity
Leasehold: Yes
Lot Acres: 0.01
Water Front: No
Zoning: B-1
Property Information
Approx Total Property SqFt: 937
# of Buildings: 1
Contract Information
Begin Date: 2019-09-30
Comm $/%: %
Status: Closed
Under Contract Date: 2020-01-26
Sold Price: $78,000
Intended Use: Primary
Sold Date: 2020-02-18
Miscellaneous
Sale Incl: Business Only
Air Conditioning: Split
Separate Meters: Yes
Business Opportunity
Business Name: THE RUM SHANDY
Business Type: restaurant
Business SqFt: 937
Established: 2013
RE Available: no
RE Included: No
Income & Expenses
Lease Expiration: January 2023
Options: 5 year option
Exterior
Roof: Galvanized
Sewer: City
Street Front: Yes
Financial Info
Available Date: at closing
Sale Terms: cash
Property Features
Amenities: Corner Bldg; Furn/Equip Neg; High Traffic; Restaurant
Flooring: Clay Tile; Wood
Construction: Mixed
Supplements
THE RUM SHANDY, information provided by sellers Seats 71+ Inside Dining in A/C 20 Bar 12 Outside Dining under Awning 25 Umbrella patio table outside 14 Open Tuesday - Sunday 11:30 a.m. to midnight, kitchen closes at 10 pm same menu throughout day and night. Wednesday night is lobster night, always a huge hit Bands Wednesday - Saturday in season Lease base term to January 31, 2023 and one 5 year extension. Rent base $1,500/month, adjusted annually with CPI WAPA with restaurant open 6 days/week approx $1,800/month. Town water approx $300/month

Listing Office: Calypso Realty PC

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Information deemed reliable but not guaranteed.

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