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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

Overview

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. P ...

Listing Details MLS# 100399904

Contract Info

Available Date
2023-08-14
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
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

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

More Information

Status Change Info

Under Contract Date
2024-03-20
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
IDX
Listing Office: The Rich Company of Ocracoke
Last Updated: September - 01 - 2024
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