So lately we’ve been telling you about several residential properties that have recently listed for sale. Well today we’d like to tell you about a new commercial opportunity in Coral Bay.
The Town & Country building is a landmark in Coral Bay. Located across the street from the fire station and just steps to Skinny Legs, Indigo and the Coral Bay harbor, this well-built, concrete building fared very well during last fall’s hurricanes.
The welcoming arms staircase, an architectural feature reflecting the Danish/West Indian period, leads you to the main level of the building which is currently occupied by long-term anchor tenants. A bathroom complete with shower is conveniently located between the two spaces. The building features large wraparound decks which are tiled throughout. The railings have been replaced and rebuilt following the storms. All openings are shuttered.
An aluminum gate leads to the back patio where an exterior stairway takes you up to the top level. On this level are three short-term apartments – the Aft Cabin, Forward Cabin and Crows Nest. Each apartment has its own full bath and is fully air-conditioned. All three are attractively furnished and have high ceilings.
The property is zoned B-3 and has great potential for more development. The large grassy area can be accessed by the Sea Grape Road, and this is another easy flat access. A new wastewater treatment system was just installed. The cistern has a capacity of 25,000 gals.
This property has been consistently maintained and upgraded by the owners, and represents an excellent investment opportunity. There is ample room to add on to this property.
This building served as a meeting space following last fall’s hurricanes. It is an important piece of the community.
This property is listed for $1,999,000 by Tammy Donnelly of 340 Real Estate Co. For more information, please contact Tammy at at [email protected]