$5,500,000
Ocracoke, NC 27960
MLS# 100399904
Status: Pending
12000 sqft
1 / 48
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.
Details
Maps
Contract Info
Available Date: 2023-08-14
Status: Pending
Effective Date: 2023-08-14
Delayed Marketing?: No
Delayed Marketing Date (DM): 2023-08-14
Sub-Type: Improved
Garage: N/A
Space: Yes
Sale/Lease: Sale
Auction: No
Listing Price: 5500000
Current Price: $5,500,000
List Price/SqFt: 458.33
Sub Agent Comm: 2.5
Sub Agent Comm $/%: %
Buyer Agent Comm: 2.5
Buyer Agent Comm $/%: %
Variable Comm: No
Stipulation of Sale: None
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
Building/Ext Features
Lot Acres: 0.87
Lot SqFt: 37897
Lot Dimensions: n/a
SqFt - Heated (Primary): 12000
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
Year Built: 1982
Zoning: None
Cobra Zone: No
Federal Flood Ins Avlbl: Yes
Status Change Info
Under Contract Date: 2024-03-20
Road/Trans Access
Airport: Less than 5 Miles
Property Features
Sub-Type: Hotel/Motel; Mixed Use
HOA and Neigh Amenities: Outdoor Pool
C & I Features: ADA Compliant; Elevator Pass
Frontage Type: Bay/Harbor
View Type: Marina View; Sound View; Water View
Construction: Block; Brick/Stone; Concrete
Exterior Finish: Brick
Flooring: Carpet; Tile; LVT/LVP
Foundation: Block; Slab
Sale/Lease Includes: Buildings; Land
Parking Features: Aggregate; On Site; Private
Road Type/Frontage: 2 - 3 Lanes; Public (City/Cty/St)
Roof: Shingle
Lot Description: Corner Lot
Current Use: Commercial; Hotel/Motel; Residential
Location: Corner; Historic District; Residential
Lot Water Features: Boat Dock; Boat Slip; Bulkhead; Deeded Waterfront; Harbor; Pier
Cooling: Wall/Window Unit(s)
Heating: Forced Air
Heating System Fuel Source: Electric
Utilities: City Water; Septic On Site
Terms: Cash; Conventional; Seller Financing
Lease Types: Gross
Listing Office: The Rich Company of Ocracoke
Last Updated: March - 20 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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