Property in Nassau / New Providence, Bahamas - Nassau Development Property

Positioned on the western boundary of Fox Hill Road South at its intersection with Hanna Road, this expansive 1.197-acre parcel represents a prime redevelopment opportunity in one of New Providence’s fastest evolving corridors.

Zoned for both multi-family and commercial use, the property offers exceptional flexibility and is ideally suited for a wide range of development possibilities, including apartment complexes, mixed-use projects, or income-generating commercial ventures. With rental demand across New Providence continuing to strengthen, sites of this scale and zoning are becoming increasingly scarce.

The property is currently improved with a two-storey mixed-use building fronting Fox Hill Road South, comprising ground floor commercial space with a residential unit above. While the building would benefit from refurbishment, it provides immediate holding income and a foundation for future enhancement. A second small residential dwelling is also located on the site and is presently rented, though in poor condition.

The true value, however, lies in the significant undeveloped land area, which is largely level and enhanced by mature trees and natural vegetation, offering a ready canvas for a well-planned development.

A key highlight of this offering is its close proximity approximately 350 feet to the new Legendary Marina, a major waterfront development that is already reshaping the surrounding area. With planned amenities including marina facilities, dining, retail outlets, and leisure attractions, this destination is expected to drive sustained growth, increased traffic, and heightened demand for nearby residential and commercial space.

Properties in this immediate vicinity stand to benefit directly from the continued expansion and success of the marina, making this an ideal opportunity for investors and developers seeking to secure a foothold in a rapidly improving location.

This is a rare chance to acquire a large, well-located parcel with flexible zoning, existing income, and substantial redevelopment potential in a high-growth area.