205 Irvin Garrish Highway Ocracoke, NC $ 5,500,000
205 Irvin Garrish Highway
$ 5,500,000
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205 Irvin Garrish Highway

Ocracoke, NC, 27960
$ 5,500,000
Baths0.0 Sq 12,000

Monthly Estimate*

$ 38,419

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Studio

Commercial Property for sale in Ocracoke, NC

for $5,500,000. This 12,000 square foot building was built in 1982 on a lot size of 0.87.

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.

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Commercial Pending

Price

$ 5,500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Hotel/Motel,Mixed Use

Lot Size

0.87

Year Built

1982

Town/City

Ocracoke

County/Region

Hyde

MLS | Web ID

100399904

Features
Exterior
Lot Description Corner Lot
Foundation Block Slab
Exterior Finish Brick
Lot Dimensions n/a
Parking Features Aggregate On Site Private
Lot Acres 0.87
Lot Water Feature Boat Dock Boat Slip Bulkhead Deeded Waterfront Harbor Pier
Road Type/Frontage 2 - 3 Lanes Public (City/Cty/St)
Frontage Type Bay/Harbor
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General
Construction Block Brick/Stone Concrete
Heating Forced Air
Cooling Wall/Window Unit(s)
Utilities City Water Septic On Site
Possession At Closing Negotiable
Roof Shingle
current use Commercial Hotel/Motel Residential
Zoning None
HOA Amenities Outdoor Pool
New Construction No
Subdivision Not In Subdivision
County Hyde
Stipulation of Sale None
Property Type G
Terms Cash Conventional Seller Financing
Location Corner Historic District Residential
Auction No
Tax Year 2022
Status Pending
Lot Sqft 37897.00
Days on Market 220
City Limits No
Sub-Type Hotel/Motel Mixed Use
Year Built 1982
City Ocracoke
Airport Less than 5 Miles
Location Type Island
Street Name Irvin Garrish
Selling Member Name Bill Rich
Co Selling Member Name William Adams
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Interior
Flooring Carpet LVT/LVP Tile
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* Excluded Features
List By
William Adams

Listing Agent

The Rich Company Of Ocracoke

Broker

will@therichcompanyofocracoke.com

Email

Affordability Calculator

$38,419
Per Month
100%
0%
0%
Monthly Principal & Interest
$38,419
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
3960720 Elementary School
3960847 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/14/2023$2,000,000 Listed Price

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205 Irvin Garrish Highway, Ocracoke, NC, 27960 is a Commercial Property for sale at $5,500,000 with 12,000 sqft and a lot size of 0.87. 205 Irvin Garrish Highway is a studio with 0.0 baths and was built in 1982. The property's zip code is 27960 which is in Ocracoke, NC