Well folks, here’s another opportunity to own a business in paradise. The Beauty Lounge, a salon and spa located at Wharfside Village in Cruz Bay, just listed for sale. The asking price: $150,000.
Here are the details straight from its listing:
Charming split-level commercial space in world class Wharfside Village. High traffic, busy tourist mall with restaurants, souvenir shops, jewelry stores and more. Private bathroom with two showers. Five year option on lease.
According to the listing, the space is 515 square feet. Rent is $4,300 per month.
Holy cow that rent is insanely high compared to mainline (national) retail rates! Forget owning a salon, the real STJ money is in commercial real estate.