115 N Magnolia St - Office/Residential FOR SALE


Raeford, NC 28376
$550,000 USD
910-322-1496
115 N Magnolia St, Raeford, NC for Sale
$550,000 USD
Office/Residential - FOR SALE
1/38
null | Request Cap Rate

115 N Magnolia St
Raeford, NC 28376


HIGHLIGHTS

  • Renovated historic office building with modern upgrades.
  • Prime corner lot with excellent visibility in Downtown Raeford.
  • Walkable to Hoke County Courthouse and civic amenities.
  • Seven offices plus flexible-use rooms for varied layouts.
  • Zoned for professional, retail, or mixed-use applications.
  • Strong local demographics support business viability.

OVERVIEW

This beautifully restored early 1900s office building at 115 North Magnolia Street offers a rare blend of historic charm and modern upgrades in the heart of Downtown Raeford. Originally constructed in 1903 and fully renovated in 2025, the property spans 4,011 square feet across seven spacious offices and additional flexible-use rooms, making it ideal for professional services, boutique retail, or creative workspaces. Situated on a prominent 0.53-acre corner lot, the building enjoys excellent visibility and walkable access to the newly built Hoke County Courthouse and surrounding commercial activity. The location provides a strategic advantage for businesses seeking a presence in a growing civic and commercial hub, with strong community engagement and steady foot traffic. The surrounding area features a balanced demographic profile, with average household incomes ranging from $53,000 to $57,000 and average home values exceeding $190,000 within a two-mile radius. This supports a stable customer base for service-oriented or retail tenants. The property’s zoning allows for a variety of commercial uses, and its recent renovation ensures turnkey readiness for owner-occupants or investors. [Sale Brochure (1) | PDF] Whether you're seeking a headquarters with character or a unique investment in a revitalizing downtown, this property delivers both aesthetic appeal and functional versatility.

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$137 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

This beautifully restored early 1900s office

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1907

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

-

APN/PARCEL ID

694340501194

ASK ABOUT THIS PROPERTY

Gary Futch, CCIMGrant-Murray Real Estate LLCMore Info
910-322-1496

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Gary Futch, CCIMGrant-Murray Real Estate LLCMore Info
910-322-1496

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.