$5,000,000
$5,500,000
9.1%For more information regarding the value of a property, please contact us for a free consultation.
205 Irvin Garrish Highway Ocracoke, NC 27960-0001
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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Bought with Bill Rich • The Rich Company of Ocracoke/OBX