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COMMERCIAL - OLD BAKERY ON CONCH POINT RD. WITH INCOME PROPERTY , Grand Cayman

MLS#: 413860
Listing Type: Hotel/Guest House
CI$1,680,000
Square Feet
3844
Year Built
2003

Property Details

  • Property Type: Commercial
  • Status: Current
  • Foundation: Slab
  • Zoning: Low Density Residential
  • Furnished: No

Property Information

Rare opportunity to own a commercially zoned property in West Bay. The potential is huge, as this property is versatile. Sitting on a large 25,228 square foot parcel of land. The Conch Point bakery was built in 2004 and can be redeveloped in many ways. This area is very up and coming with an immense amount of development that is well underway which lends itself to providing commercial services to this local community. There's also a residential apartment upstairs on the second floor which is currently being leased as this is an income producer property. The remaining space is also being currently leased, one for office storage, and the remaining space for warehouse storage. The existing structure could easily be divided or used as a restaurant, apartments, offices, and warehouse space (possible strata instead).The list goes on with the opportunities that this poses as the location is conveniently located on the north side of West Bay adjacent to the DART group purchased property, formerly known as Spanish Bay reef which at some point in the future will be developed most likely as either a hotel or a resort. Excellent long-term potential as there is little to no commercial space or property available in this area. The property is a concrete building, structurally sound and with lots of open space. Due to the location of the building, which is fronting closely on the main road gives it great access and exposure. At the rear of the building, there is space that could be utilized for additional storage, parking, adding to the structure, and increasing the footprint.
Sales price does not include any artwork, ornaments or personal effects.

*Disclaimer: CIREBA uses a conversion rate of KYD 0.82 to US 1.00. It is important to check with your local real estate agent or financial institution as the KYD/USD exchange rate may differ when purchasing real estate in the Cayman Islands.

Property Enquiry

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Broker/owner
Company:
RE/MAX CAYMAN ISLANDS
Office:345-945-4000
Cell:345-916-1215
Email:james.bovell@remax.ky
Contact Us

Sales Associate
Company:
RE/MAX CAYMAN ISLANDS
Office:345-945-4000
Cell:345-916-5795
Email:Mabel.McMillan@remax.ky
Contact Us