Oceanfront Casino Hotel/Condo Development Land

27 acres of beachfront land for hotel/condo development. This is a previous hotel site. 400 feet beachfront. The land slopes up to 260 feet so every condo/townhouse you build will have ocean views. It is located on St Croix's best beach and best Caribbean dive spots. 15 minutes to Christiansted, the international airport and Frederiksted.
This island is on fire now. Seller will entertain joint owner or equity financing
Thank you again for your interest in the 27-acre development opportunity in St. Croix, USVI. I wanted to follow up and share some key financial incentives available to developers that make this property especially attractive.

Hotel Developer Incentives – 50% Bed Tax Retention:
One of the most compelling benefits is the USVI government's hotel development incentive, allowing qualified developers to retain 50% of the hotel occupancy (bed) tax for up to 20 years. This program is designed to directly support and offset the cost of new hotel construction, essentially enabling developers to recover a significant portion of their capital investment through the revenue generated by the property itself.

Additional Tax Benefits:

Significant tax exemptions through the Economic Development Commission (EDC), including:

Up to 90% reduction in corporate income tax

100% exemption on gross receipts tax

100% exemption on business property tax

Exemptions on excise and withholding taxes

These benefits are available for eligible tourism-related projects and are aimed at encouraging long-term investment and job creation in the region.

This combination of natural beauty, strategic location, and unmatched financial incentives makes this property a unique opportunity for a developer looking to build a hospitality or mixed-use project in a high-potential, tourism-driven market.

I’d be happy to provide additional details or set up a call to discuss further.