$3,850,000
$4,395,000
12.4%For more information regarding the value of a property, please contact us for a free consultation.
785 Irvin Garrish Highway Ocracoke, NC 27960
2.48 Acres Lot
Key Details
Sold Price $3,850,000
Property Type Commercial
Sub Type Hotel / Motel
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 108829
Sold Date 08/25/21
Year Built 1974
Annual Tax Amount $21,465
Tax Year 2018
Lot Size 2.480 Acres
Acres 2.48
Property Description
VERY SUCCESSFUL MOTEL, IN LIKE NEW CONDITION. The motel has been operated by the same family since the 1970's. With repeat clientele in the summer season, governmental and sportsmen in the winter months, the motel has consistent income and profits. With a wide variety of accommodations from single rooms to efficiencies and even a cottage, along with a very nice pool, the occupancy rates are excellent. All 50 rooms are non-smoking, with telephones, Wifi, A/C, refrigerators, microwaves, cable TV, and hair dryers, and expansive marsh and distant ocean views from the newer three story wing. Also included is a 3 bedroom, 2 bath cottage and a 2 bedroom apartment on site. The original wing of the motel is nestled among the red cedars and live oaks, with picnic tables, and grilling areas.. The is also plenty of room for boat parking on the spacious grounds. This is an exception opportunity for the astute, discerning owner/operator.
Location
State NC
County Hyde
Area Ocracoke
Zoning Motel
Interior
Heating Wall Unit(s)
Cooling Wall Unit(s)
Flooring Carpet, Ceramic Tile, Tile, Vinyl
Exterior
Garage 26-50 Spaces, Parking Lot, Paved, Off Street, Unpaved
Waterfront Description None
Roof Type Asphalt/Fiber Shingle,Metal
Building
Lot Description Corner, Level
Foundation Masonry
Sewer Private Septic
Others
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash,Commercial
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Bought with Bobby Harrell • Harrell & Associates