$900,000
$950,000
5.3%For more information regarding the value of a property, please contact us for a free consultation.
306 Irvin Garrish Highway Ocracoke, NC 27960
Key Details
Sold Price $900,000
Property Type Commercial
Sub Type Hotel / Motel
Listing Status Sold
Purchase Type For Sale
Subdivision None
MLS Listing ID 112870
Sold Date 07/02/21
Year Built 1966
Annual Tax Amount $5,283
Tax Year 2020
Property Description
The trend of American Family travelers is to search out "Mom & Pop" vintage motels for affordability, charm & to reminisce of past family vacations. Be part of this trend by taking advantage of this "turn key" investment opportunity! The Bluff Shoal Motel is part of Ocracoke's local history and consists of 7 motel rooms and a 2 bedroom apartment (suitable for on-site management or owner year-round living). An established business that can easily be managed by a couple or small family. The Bluff Shoal has a great location for both vehicular and foot traffic. Conveys with 32' of Silver Lake harbor frontage with a small dock, easy kayak access and picnic area, designated parking and garage storage. Each unit has a full bath with a vintage tile floor and 1/2 wall tile, small refrigerator, internet and cable TV. Reserved parking in front for each unit. The motel rooms have wall units for heat and a/c and the apartment has central heat and a/c. It is seldom an opportunity like this becomes available on Ocracoke; don't let it pass you by! The business has room to grow! Live on Ocracoke and work for yourself; be your own boss!
Location
State NC
County Hyde
Area Ocracoke
Zoning Mixed
Interior
Heating Wall Unit(s)
Cooling Wall Unit(s)
Flooring Carpet, Tile
Exterior
Garage Paved, Reserved
Waterfront Description Harborfront
View Harbor
Roof Type Asphalt/Fiber Shingle
Building
Lot Description Water Frontage
Sewer Private Septic
Others
Restrictions Exclusions
Acceptable Financing Owner Finance
Listing Terms Owner Finance
Financing Cash,Commercial
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Bought with Martha Garrish • Village Realty Holdings dba Ocracoke Island Realty