Notifications
Clear all

Off the Wall

(@ca-dreamers)
Posts: 447
Honorable Member
Topic starter
 

We heard that our favorite place and our Sunday Afternoon Hang out is being sold. Anyone know if it's sold and if Diane and staff are staying on island? 

 
Posted : December 27, 2020 10:04 am
(@Scubadoo)
Posts: 2437
Noble Member
 

Have not seen it listed or sold on the MLS

 
Posted : December 27, 2020 9:05 pm
(@vicanuck)
Posts: 2938
Famed Member
 

I too heard it was for sale. I can't remember the last time I ate there. I hope the new owners are able to speed things up in the kitchen. One of the reasons why I haven't been there in years was the slow service.

 
Posted : December 28, 2020 7:55 am
speee1dy reacted
(@daveb722)
Posts: 798
Prominent Member
 

I inquired, the owner is retiring but staying on island, I think the asking price is way to high, unless you have 800k laying around.  

 
Posted : December 28, 2020 11:49 am
(@vicanuck)
Posts: 2938
Famed Member
 

@daveb722

$800K...hahahahahahahahahahaha!

Askin' ain't gettin'

 
Posted : December 28, 2020 3:06 pm
(@daveb722)
Posts: 798
Prominent Member
 

@vicanuck that's exactly what I thought, wayyyy overpriced for a pizza place, the land is just that sliver along the coast.  ROIC would take 20 years if not more, not knowing financials and to work would need to gross 4k a day imo and work 80 hours a week.  thanks, but no thanks.  I can buy multiple properties here and rent them and make more money yearly. 

 
Posted : December 28, 2020 6:37 pm
(@jaldeborgh)
Posts: 533
Honorable Member
 

I thought I heard that Leatherback Brewing bought the old Eat At Cain Bay for something less than $300K.  Likely it was only the business but I doubt the Off The Wall real estate is worth anything near $800K if it’s only a sliver of land.  I also agree with the comments on working 80 hours a week, small restaurants are hard work for the owners.  I do love the spot, just doubt it’ll bring anywhere near that kind of money.

 
Posted : December 29, 2020 8:27 am
(@janeinstx)
Posts: 688
Honorable Member
 
Posted by: @ca-dreamers

We heard that our favorite place and our Sunday Afternoon Hang out is being sold. Anyone know if it's sold and if Diane and staff are staying on island? 

Diana and Craig are staying

 
Posted : December 29, 2020 1:09 pm
(@ca-dreamers)
Posts: 447
Honorable Member
Topic starter
 

@janeinstx Thanks Jane.

 

 
Posted : December 29, 2020 1:13 pm
janeinstx reacted
Jumbie
(@ohiojumbie-2)
Posts: 723
Honorable Member
 

@daveb722

It was always my impression from having lived on St Croix in Cane Bay from late 2005 to May 2012, that Craig & Diana did not own the land OTW was on. I thought they only bought the “business”  from owners Rick & his wife Kate (?) who also did not own the land OTW sits on.

 

Jumbie

 
Posted : December 30, 2020 6:45 am
(@daveb722)
Posts: 798
Prominent Member
 

According to mapgeo it's ownership is listed as Off the Wall in Cane Bay, LLC. USVI deed department shows a mortagage in the same LLC and Thomas Loos.  The email I received was from Scott McCullogh stating he was the co-owner.  So not sure if that even answers any questions. LOL

 
Posted : December 30, 2020 12:28 pm
(@stxdreaming1)
Posts: 102
Estimable Member
 

@vicanuck

Same as the owners of The Fred wanting $6.8 mil.

Given the current economic situation I would be amazed if they get even half that...but what do I know!

 
Posted : December 30, 2020 11:16 pm
daveb722 reacted
(@vicanuck)
Posts: 2938
Famed Member
 

@stxdreaming1

Agreed...I was at the Fred a few weeks ago for a Sunday Funday.

Definitely not worth anywhere near $6.8 million. 

 
Posted : December 31, 2020 8:12 am
(@janeinstx)
Posts: 688
Honorable Member
 

@daveb722 all of that information is correct

 
Posted : December 31, 2020 10:21 am
(@janeinstx)
Posts: 688
Honorable Member
 

@daveb722 all of that information is correct Scott is Craigs' brother. 

 
Posted : December 31, 2020 10:25 am
(@speee1dy)
Posts: 8871
Illustrious Member
 

they arent all that good anyhow  and agree, way too high

 
Posted : December 31, 2020 1:01 pm
(@gettermoving)
Posts: 5
Active Member
 
Posted by: @daveb722

I inquired, the owner is retiring but staying on island, I think the asking price is way to high, unless you have 800k laying around.  

Good gravy. They better be pulling in $100k profit per year to be asking that much. Unless there's gold underneath that place or something. Sweet location but I doubt it's worth the asking price. 

 
Posted : January 22, 2021 2:09 pm
(@Fishbait)
Posts: 231
Estimable Member
 

@jaldeborgh we know the owner of The Landing (Old Eat@) I think the business, just the furnishings, etc was listed for $150k. She now also has an interest in the land, has rejuvenated the surrounding properties and the place looks great. 

 
Posted : February 7, 2021 9:46 am
(@stxdreaming1)
Posts: 102
Estimable Member
 

@vicanuck 

Well, looks like I was very wrong about The Fred. I was on the understanding it is now under contract. Who is purchasing and for how much I have no idea. But I was totally wrong on this one. 

Going to be interesting to see if the new owners continue running it as "The Fred" or if it will be rebranded. 

 
Posted : July 25, 2021 6:09 pm
daveb722 reacted
(@daveb722)
Posts: 798
Prominent Member
 

@stxdreaming1 The same with the Castle.  I never thought something like that would sell even at half the price it was listed for.  Lot's of upkeep and you have to like that particular style of home.  My only thought was if you could turn it into a boutique hotel then you have a great spot.  Maybe that's the plan. 

 
Posted : July 26, 2021 7:44 am
(@vicanuck)
Posts: 2938
Famed Member
 

@stxdreaming1 

I'm pretty sure the buyer is the same group that bought The Waves and is negotiating for Hotel on the Cay. But, I could be wrong! That's just what I've heard lately. 

I hadn't heard who bought the Castle but it must obviously be someone with very deep pockets.

 
Posted : July 26, 2021 8:25 am
Search this website Type then hit enter to search
Close Menu