Plaza del Lago Commercial Building

Plaza del Lago Commercial Building

 “Plaza del Lago Commercial Building – Commercial Property for Sale in Simpson Bay, St. Maarten”
 
An exceptional opportunity to acquire a prominent commercial property in the heart of Simpson Bay, Sint Maarten, one of the island’s most active business, tourism, dining, and entertainment districts.
 
Located along highly visible Welfare Road, the Plaza del Lago Commercial Building offers approximately 467 m² of commercial space in a strategic location surrounded by restaurants, supermarkets, hotels, marinas, beaches, residential communities, and some of St. Maarten’s busiest commercial activity.
 
Formerly occupied by Scotiabank, the property features a spacious open-plan commercial area with high ceilings, offering flexibility for a variety of potential business uses. The layout also includes an upper-level office and bathroom, together with an additional one-bedroom, one-bathroom apartment that benefits from its own separate rear entrance.
 
Exclusive parking for 10 cars at the front of the entrance of the building is included with additional parking available around the building, an important advantage for a commercial property in central Simpson Bay.
 
With its high-traffic location, substantial floor area, recognizable commercial setting, and flexible layout, Plaza del Lago presents an interesting opportunity for an owner-occupier, investor, retailer, professional services company, financial institution, showroom, or other commercial enterprise seeking a highly visible location in Simpson Bay, St. Maarten / SXM.
 
Property Highlights
– Approximately 467 m²
– Prime Welfare Road, Simpson Bay location
– Highly visible commercial setting
– Former banking premises
– Large open commercial floor area
– High ceilings
– Upper-level office and bathroom
– Separate 1-bedroom / 1-bathroom apartment (renovations needed)
– Parking
– Concrete construction
– Central air-conditioning
– City water
– Close to marinas, restaurants, supermarkets, beaches, hotels, nightlife, and residential communities
 
Important Buyer Disclosure – Foreclosure / Public Auction
 
DISCLAIMER: This property is currently in a bank foreclosure situation. As a result, the property is required to be sold through a public auction process rather than through a conventional private sale.
 
Prospective purchasers should therefore understand that the acquisition process, timelines, bidding procedure, deposit requirements, closing conditions, and final terms of sale may differ from a standard real estate transaction.
 
Interested buyers are encouraged to contact us for additional information regarding the property and the applicable auction process.
 
HOA / Annual Property Commitment
 
Prospective purchasers should also be aware that the property is subject to an HOA commitment of approximately US$40,000 per year.
This annual contribution includes, among other items:
– Insurance on the building structure
– Maintenance and upkeep of the common areas
 
Commercial Real Estate Opportunity in Simpson Bay
 
For buyers searching for commercial property for sale in St. Maarten, Simpson Bay commercial real estate, investment property in Sint Maarten, or a strategically located business premises along Welfare Road, Plaza del Lago offers a rare opportunity in one of the island’s most established commercial districts.
 
Contact Island Real Estate Team for additional information regarding the property, HOA obligations, and public auction process.
 
For more information, contact:
Arun Jagtiani
email

*