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Historic Office Building
For Sale
$480,000

115 N Magnolia Street, Raeford, NC 28376

CommercialSale, Raeford, NC

Property Size4,011 SF
Lot Size0.53 Acres
Price / SF$119.67
Days on Market170

Property Features for 115 N Magnolia Street

General Information

Property type Commercial Sale
Property subtype Office
Zoning description HD - Historic District
Lot features Cleared
Directions Located in downtown Raeford around the corner from the new Hoke County Courthouse.
Standard status Active
APN 694340501194
Size 4,011 SF
Lot size 0.53 Acres

Taxes and HOA fees

Tax Description 115 N MAGNOLIA
Legal Description 115 N MAGNOLIA

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Cooling system Electric, Central Air
Water source Public

Building Details

Year built 1903
Building materials AluminumSiding, VinylSiding
Listing Agency: GRANT-MURRAY HOMES
Listed By: GARY FUTCH · License #265136
Added: Mar 18 Changed: Aug 19 Last Checked: Sep 3 at 9:06AM
MLS# 759084

Copyright © 2026 Longleaf Pine Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1903, this 4,011-square-foot office property retains its historic construction while offering a layout suited to professional use. The building includes seven rooms identified as offices, along with additional flexible rooms that can support varied workspace needs. Aluminum and vinyl siding, natural-gas heating, electric central air, public water, and public sewer are in place.

The property encompasses 0.53 acres at 115 N Magnolia Street in Raeford, North Carolina. Its corner-lot position provides views toward the new Hoke County Courthouse and surrounding commercial businesses. The building and site may accommodate professional offices, boutique retail, or other uses identified in the property information.

Key Highlights

  • 4,011‑square‑foot office building constructed in 1903
  • Seven rooms designated as offices plus additional flexible rooms
  • 0.53‑acre corner lot at 115 N Magnolia Street

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Building Supply (Bike/Boat/Book/etc) Store HVAC Service Locksmith Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

677
Businesses Nearby

Demographics for 28376, NC

43,160
Population
16,834
Households
2.6
Avg Household Size
33
Median Age
23%
College-Educated
90%
High-School Grad
278.7 sq mi
ZIP Area
155
Density / Sq Mi
$61,793
Median Household Income
$40,858
Median Earnings
$1,091
Median Rent
$208,100
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - 1903 construction, seven office rooms, and additional flexible spaces occupy a corner parcel.
Where is this office building located?
The property is located at 115 N Magnolia Street Raeford, NC.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: 4,011‑square‑foot office building constructed in 1903; Seven rooms designated as offices plus additional flexible rooms; 0.53‑acre corner lot at 115 N Magnolia Street
More about this property
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