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
Delayed Marketing?: No
Sub-Type: Improved
Garage: N/A
Space: Yes
Sale/Lease: Sale
Auction: No
List Price/SqFt: 458.33
Stipulation of Sale: Standard
Status: Closed
Marketing Start Date: 2023-08-14
Listing Price: 5500000
Current Price: $6,300,000
Location Information
City Limits: No
Marketing City: Ocracoke
Secondary Subdivision: N/A
Street #: 205
Street Name: Irvin Garrish
Street Suffix: Highway
County: Hyde
State/Province: NC
Zip Code: 27960
Subdivision: Not In Subdivision
Geo Lat: 35.114971
Geo Lon: -75.983823
Remarks and Showing
Sign on Property: Yes
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.
Building Info
New Construction: No
Building/Ext Features
Lot Acres: 0.87
Lot SqFt: 37897
Lot Dimensions: n/a
Location Type: Island
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
Zoning: None
Cobra Zone: No
Federal Flood Ins Avlbl: Yes
Year Built: 1982
Business Type
Hotel/Motel: 1
Mixed: 1
Current Use
Commercial: 1
Hotel/Motel: 1
Residential: 1
HOA and Neigh Amenities
Outdoor Pool: 1
C & I Features
ADA Compliant: 1
Elevator Pass: 1
Frontage Type
Bay/Harbor: 1
View Type
Marina: 1
Sound View: 1
Water: 1
Construction
Block: 1
Brick/Stone: 1
Concrete: 1
Exterior Finish
Brick: 1
Terms
Cash: 1
Conventional: 1
Seller Financing: 1
Foundation
Block: 1
Slab: 1
Flooring
Carpet: 1
LVT/LVP: 1
Tile: 1
Parking Features
Aggregate: 1
On Site: 1
Private: 1
Sale/Lease Includes
Buildings: 1
Land: 1
Roof
Shingle: 1
Lot Description
Corner Lot: 1
Road Type/Frontage
2 - 3 Lanes: 1
Public (City/Cty/St): 1
Road/Trans Access
Airport: Less than 5 Miles
Lot Water Features
Boat Slip: 1
Bulkhead: 1
Deeded Waterfront: 1
Dock: 1
Harbor: 1
Pier: 1
Cooling
Wall/Window Unit(s): 1
Location
Corner: 1
Historic District: 1
Residential: 1
Heating
Forced Air: 1
Heating System Fuel Source
Electric: 1
Water Source
Public: 1
Sewer
Septic Tank: 1
Lease Types
Gross: 1
BuildingExt Features
SqFt - Heated (Primary): 12000
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; Public
Terms: Cash; Conventional; Seller Financing
Lease Types: Gross
Listing Office:
The Rich Company of Ocracoke
IDX
Last Updated: September - 01 - 2024
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