This property represents a unique opportunity to purchase an 80,000 square foot building located on 5 lots totaling 4.5 acres in a prime high traffic area near the heart of Freeport, Bahamas only 85 miles from West Palm Beach. The building is located on West Atlantic Drive and has a large parking lot. The building with its 25 foot high ceilings is the former home of Butlers Supermarket, Freeport Building Supply and the current Circle Mall with 54 shop spaces. The zoning is Commercial Retail and would be ideal for Retail or other unique specific use.
The building is 80,010 Sq feet and is currently divided into the former Supermarket on the Southern Side of 20,000 sq feet, a circle mall of 47,713 sq feet with 39,000 sq feet of 54 rentable shops plus a food court and the former Building Supply on the Northern side of 12,297 sq feet with loading docks. Additionally there is an executive office space on the second level.
The building is constructed of poured and insulated reinforced concrete slabs on reinforced concrete foundations with concrete slab on grade floors with 28 foot eve height. The roof of the building is of pre-cast I-Beam reinforced concrete slabs, sloped and finished with water proofing membrane. The building is in good condition and there are no real property taxes in the Freeport area.
The commercial property is being offered for $4.5 M