Property History
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Marketing Description
Note that the property is in The Bahamas and not Miami as Crexi does not have the ability to market in The Bahamas. Located in the heart of Freeport, the center of commerce and home to half of the island’s population, Port Lucaya Marketplace represents a generational opportunity for fee simple ownership of a crucial economic driver of the Bahamas. Positioned adjacent to a planned cruise ship terminal, a marina with major plans for renovation, and a significant hotel development site, the upside potential to grow rents and tenant quality is unsurpassed.
The Owner has meticulously maintained the physical and structural aspects of the Property with meaningful capital, but there remains plenty of value to be added in experiential retail and F&B. The Bahamas offers a low tax environment, embraces the US Dollar and has a transparent and development friendly proactive government. Less than 100 miles to Palm Beach County, Florida, access is simple by boat or by plane with frequent flights to multiple US airports. Non-stop service from Europe is available from Nassau, New Providence, just a 25-minute flight south
Investment Highlights
- Significant Value Add Opportunities
- 19 Buildings totaling over 120K SF on over 8.5 AC
- The property is offered well below replacement value of $25M
- Substantial Capital Improvements were recently made
- Over 1,000 ft of arterial frontage and 675 ft of water frontage
- Located within walking distance to over 900 hotel rooms, pristine Caribbean beaches, two world class golf courses and a planned Cruise Ship Port
- There is no income tax, capital gains tax or estate tax in The Bahamas
Loan History
Financial History
Tax History
Contact Information
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Ownership Information
Property Details
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Contacts
Listing removed on
BY:
Dominic Delgado PRO
•••.•••.5340
•••••••.•••gado@••••••••.com
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