Ocracoke, NC 27960,785 Irvin Garrish Highway
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Ocracoke, NC 27960,785 Irvin Garrish Highway
Ocracoke, NC 27960,785 Irvin Garrish Highway
Ocracoke, NC 27960,785 Irvin Garrish Highway
Ocracoke, NC 27960,785 Irvin Garrish Highway

$3,850,000

Est. payment /mo

$4,395,000

12.4%
Est.Price: ?

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785 Irvin Garrish Highway Ocracoke, NC 27960

2.48 Acres Lot

SOLD DATE : 08/25/2021

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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Listed by Bobby Harrell • Harrell & Associates
Bought with Bobby Harrell • Harrell & Associates

Cameron Griggs

+1(919) 390-4537

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