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For Sale

$4,395,000

785 Irvin Garrish Highway
Ocracoke, NC 27960

VERY SUCCESSFUL MOTEL, IN LIKE NEW CONDITION. The motel has been operated by the same family since the 1970's. With repeat clientele in the summer season, governmental and sportsmen in the winter months, the motel has consistent income and profits. With a wide variety of accommodations from single rooms to efficiencies and even a cottage, along with a very nice pool, the occupancy rates are excellent. All 50 rooms are non-smoking, with telephones, Wifi, A/C, refrigerators, microwaves, cable TV, and hair dryers, and expansive marsh and distant ocean views from the newer three story wing. Also included is a 3 bedroom, 2 bath cottage and a 2 bedroom apartment on site. The original wing of the motel is nestled among the red cedars and live oaks, with picnic tables, and grilling areas.. The is also plenty of room for boat parking on the spacious grounds. This is an exception opportunity for the astute, discerning owner/operator. Read More

Market Status
Available
Last Updated
May 17, 2021

Property Type
Commercial Property
Cooling System
Wall Unit(s) A/C
Handicapped Access
-
Heating System
Wall Unit
Roof
Asphalt
Exterior Construction
Wood
Parking
Off Street; Parking Lot; Paved or Surfaced
Pool
-
Floors
Carpet; Tile - Ceramic; Vinyl
Taxes
21465.78 (2018)
Property Type
Commercial; Hotel / Motel

Local Market Conditions

There are currently 12 properties for sale in the Hyde County, NC area with the average listing price of $423,259. This represents a decrease of -7.4% over the previous week. The 4 bedroom homes saw the largest decrease in the average listing price over the previous week with a -14.9% decrease. To learn more about the Hyde County, NC area, contact a local expert!

Market Snapshot for Hyde County, NC

Avg. Listing Price

$423,259

Wk ending May 15

$-33,941

-7.4%

w-o-w

12

29

21

3

1

Average Listing Price for Hyde County, NC
No. BedroomsNo. Beds Week Ending
(May 15)
w-o-w Week Ending
(May 8)
Week Ending
(May 1)
Week Ending
(Apr 24)
All PropertiesAll $423,259 -7.4% $457,200 $457,200 $432,009
1 bedroom1 BR - +0.0% - - -
2 bedrooms2 BR $267,400 +0.0% $267,400 $267,400 $229,900
3 bedrooms3 BR $482,133 +0.0% $482,133 $482,133 $482,133
4 bedrooms4 BR $407,983 -14.9% $479,600 $479,600 $479,600

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Listing Provided By:

Bobby Harrell

Harrell & Associates

Phone
This $4,395,000 Commercial Property at 785 Irvin Garrish Highway in Ocracoke, NC is offered by Bobby Harrell and has been on the market for 311 days. This $4,395,000 Commercial Property, located in the 27960 zip code, has the following property features: Property Type, Floors, Heating System, Taxes. This 785 Irvin Garrish Highway Commercial Property, located in Hyde County , is listed under MLS listing number 108829 and has a listing price of $4,395,000. You can find more of Bobby Harrell's listings by browsing Bobby Harrell homes for sale at HomesAndLand.com, or even more Ocracoke homes for sale here.

Data Provided by Outer Banks Association of Realtors

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