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3 Unit Commercial / Residential Building for Sale, Hope Town, Elbow Cay, Abaco, Bahamas
3 Unit Commercial / Residential Building for Sale, Hope Town, Elbow Cay, Abaco, Bahamas
- $2,900,000
Elbow Cay, Bahamas
Property ID: 139427Opportunity to acquire a building in the heart of Hope Town, Abaco in The Bahamas with office/retails space plus 2 residential units.
Opportunity to acquire a building in the heart of Hope Town, Abaco in The Bahamas with office/retails space plus 2 residential units.
Prime Commercial / Residential Building for Sale in Abaco, Bahamas
Searching for commercial real estate in The Bahamas?
This is a rare opportunity to acquire a mixed-use commercial and residential building located in the heart of the historic Hope Town settlement on Elbow Cay, one of Abaco’s top luxury second home markets.
Sitting on a double lot at the corner of Lovers Lane and Bay Street, the building comprises three rental spaces with a successful rental track record: office/retail space on the street level plus 2 residential units ideally suited to vacation or short-term rentals.
Thanks to its elevated position, the property enjoys lovely views over the picturesque Hope Town harbour.
Successful Commercial Space with Income
The west-facing commercial space offers a prime location on Front Street and is leased as office/retail space.
It features a restroom, a large entertaining deck, and a 120 square foot ramp, useful for deliveries, strollers, and wheelchairs.
The Residential Units
The building comprises a penthouse and a charming studio, both currently operating as successful vacation rentals commanding premium weekly rates.
2 Bedroom Penthouse
The penthouse is a 2 bedroom, 2 bathroom, second-story flat that commands $2,500+ a week in rental income.
Each bedroom has an en-suite bathroom.
The upper balcony overlooks the harbour with an additional dining deck downstairs.
Studio Unit
The studio overlooks the quaint Lovers Lane, steps from Vernon’s grocery, beach access, and the Lower Public Dock.
It has produced a tremendous rental income averaging $1,000 per week.
The studio features an open floor plan with a kitchenette, a queen-size bed, a comfortable living area, an en-suite bathroom, and a deck that overlooks the backyard.
Other Features
A utility room with a washer and dryer services the rental units and functions as the owners’ storage area.
A standby 20kw Perkins generator powers the entire building, and there are approximately 5,000 gallons of water storage split into 3 separate areas.
Flexible Usage Options
The new owner could continue operating the building as a commercial and short term rental property or could convert the building into 4 or 5 bedroom home with room for a pool or additional guest house if preferred.
A Unique Opportunity
This is a unique opportunity to acquire a mixed-use income producing property or private home in a prime Hope Town location.
Opportunity to acquire a building in the heart of Hope Town, Abaco in The Bahamas with office/retails space plus 2 residential units.
Prime Commercial / Residential Building for Sale in Abaco, Bahamas
Searching for commercial real estate in The Bahamas?
This is a rare opportunity to acquire a mixed-use commercial and residential building located in the heart of the historic Hope Town settlement on Elbow Cay, one of Abaco’s top luxury second home markets.
Sitting on a double lot at the corner of Lovers Lane and Bay Street, the building comprises three rental spaces with a successful rental track record: office/retail space on the street level plus 2 residential units ideally suited to vacation or short-term rentals.
Thanks to its elevated position, the property enjoys lovely views over the picturesque Hope Town harbour.
Successful Commercial Space with Income
The west-facing commercial space offers a prime location on Front Street and is leased as office/retail space.
It features a restroom, a large entertaining deck, and a 120 square foot ramp, useful for deliveries, strollers, and wheelchairs.
The Residential Units
The building comprises a penthouse and a charming studio, both currently operating as successful vacation rentals commanding premium weekly rates.
2 Bedroom Penthouse
The penthouse is a 2 bedroom, 2 bathroom, second-story flat that commands $2,500+ a week in rental income.
Each bedroom has an en-suite bathroom.
The upper balcony overlooks the harbour with an additional dining deck downstairs.
Studio Unit
The studio overlooks the quaint Lovers Lane, steps from Vernon’s grocery, beach access, and the Lower Public Dock.
It has produced a tremendous rental income averaging $1,000 per week.
The studio features an open floor plan with a kitchenette, a queen-size bed, a comfortable living area, an en-suite bathroom, and a deck that overlooks the backyard.
Other Features
A utility room with a washer and dryer services the rental units and functions as the owners’ storage area.
A standby 20kw Perkins generator powers the entire building, and there are approximately 5,000 gallons of water storage split into 3 separate areas.
Flexible Usage Options
The new owner could continue operating the building as a commercial and short term rental property or could convert the building into 4 or 5 bedroom home with room for a pool or additional guest house if preferred.
A Unique Opportunity
This is a unique opportunity to acquire a mixed-use income producing property or private home in a prime Hope Town location.
Buying Property in Bahamas
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