Ocracoke, NC 27960-0001,205 Irvin Garrish Highway
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Ocracoke, NC 27960-0001,205 Irvin Garrish Highway
Ocracoke, NC 27960-0001,205 Irvin Garrish Highway
Ocracoke, NC 27960-0001,205 Irvin Garrish Highway
Ocracoke, NC 27960-0001,205 Irvin Garrish Highway

$5,000,000

Est. payment /mo

$5,500,000

9.1%
Est.Price: ?

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205 Irvin Garrish Highway Ocracoke, NC 27960-0001

SOLD DATE : 08/28/2024

Key Details

Sold Price $5,000,000

Property Type Commercial

Sub Type Hotel / Motel

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 122870

Sold Date 08/28/24

Year Built 1982

Annual Tax Amount $20,127

Tax Year 2022

Property Description

The Anchorage Inn, a 4 story brick and mortar hotel featuring 37 rooms, is a well known staple of Ocracoke's harborfront for over 40 years. Its location, perched above Silver Lake, provides views of awe inspiring sunsets that brings back guests year after year. Two large suites with full kitchens and private walk out balconies claim the uppermost floor. Harbor front pool with composite decking. Totally turn-key investment property. 4 bedroom house behind hotel houses on site staff and conveys. Full service diesel generator powers entire facility. Self manage or lease to property management company. Two docks are included with 27+/- boat slips along 120'+/- of harbor frontage. A commercial lease space on Silver Lake and main thoroughfare conveys providing passive income - current tenant is Island Golf Carts. Major maintenance items of shingle roof, exterior paint, and septic drain fields recently completed. This investment opportunity is once in a lifetime and should not be passed on. Package deal available for combined purchase of Ocracoke Marina and Anchorage Inn. Financial data available for qualified buyers. Contact your agent for more information today.

Location

State NC

County Hyde

Area Ocracoke

Zoning None

Interior

Heating Forced Air, Zoned

Cooling Wall Unit(s)

Flooring Carpet, Ceramic Tile, Vinyl

Exterior

Garage Parking Lot

Waterfront Description Harborfront

View Harbor

Roof Type Asphalt/Fiber Shingle

Building

Lot Description Additional Land Available, Bulkheaded, Water Frontage

Foundation Masonry

Sewer Private Septic

Others

Acceptable Financing Owner Finance

Listing Terms Owner Finance

Financing Cash,Commercial,Owner Finance 1st

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Listed by William Adams • The Rich Company of Ocracoke/OBX
Bought with Bill Rich • The Rich Company of Ocracoke/OBX

Cameron Griggs

+1(919) 390-4537

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