205 Irvin Garrish Highway, Ocracoke, NC 27960 (MLS# 100399904)

205 Irvin Garrish Highway, Ocracoke, NC 27960

$6,300,000
Property Type: Comm Sale or Lease Square Footage: 12,000 Lot Size (sq. ft.): 37,897 Status: Closed
Current Price: $6,300,000 List Date: 8/14/2023 Last Modified: 9/01/2024

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.

More Information MLS# 100399904

Contract Info

Available Date: 2023-08-14 Status: Closed Delayed Marketing?: No Marketing Start Date: 2023-08-14 Sub-Type: Improved Garage: N/A Space: Yes Sale/Lease: Sale Auction: No Listing Price: 5500000 Current Price: $6,300,000 List Price/SqFt: 458.33 Stipulation of Sale: Standard

Location Information

Street #: 205 Street Name: Irvin Garrish Street Suffix: Highway County: Hyde State/Province: NC Zip Code: 27960 City Limits: No Marketing City: Ocracoke Subdivision: Not In Subdivision Secondary Subdivision: N/A Geo Lat: 35.114971 Geo Lon: -75.983823

Remarks and Showing

Directions to Property: From the southern sound class ferry docks follow Hwy 12 north. Hotel is the 4 story brick building on the left on the corner of Hwy 12 and British Cemetery Rd and the marina/restaurant across the street on the right. Sign on Property: Yes

Building Info

New Construction: No

BuildingExt Features

SqFt - Heated (Primary): 12000

Legal and Taxes

Tax Assessed Value: 2008804 Deed Book: 162 Deed Page: 138 Legal: 9501-10-8593 Broker Owner: No PID: 9501-10-8593 Tax Identifier: 9501-10-8593 Plat Book: 162 Plat Page: 138 Special Assessments: None Tax Year: 2022 Year Built: 1982 Zoning: None Cobra Zone: No Federal Flood Ins Avlbl: Yes

Status Change Info

Under Contract Date: 2024-03-20 Sold Price: $6,300,000 Sold Date: 2024-08-30

Property Features

Business Type: Hotel/Motel; Mixed HOA and Neigh Amenities: Outdoor Pool Frontage Type: Bay/Harbor View Type: Marina; Sound View; Water Construction: Block; Brick/Stone; Concrete Exterior Finish: Brick Flooring: Carpet; Tile; LVT/LVP Foundation: Block; Slab Parking Features: Aggregate; On Site; Private Roof: Shingle Lot Description: Corner Lot Current Use: Commercial; Hotel/Motel; Residential Location: Corner; Historic District; Residential Lot Water Features: Boat Slip; Bulkhead; Deeded Waterfront; Dock; Harbor; Pier Cooling: Wall/Window Unit(s) Heating: Forced Air Heating System Fuel Source: Electric Sewer: Septic Tank Water Source: Public Terms: Cash; Conventional; Seller Financing Lease Types: Gross
Listing Office: The Rich Company of Ocracoke
Last Updated: September - 01 - 2024
205 Irvin Garrish Highway, Ocracoke, NC 27960- MLS# 100399904
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