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Downtown Raeford Commercial Property

402-406b Harris Avenue, Raeford, NC 28376

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For Sale

$795,000

SINGLE_FAMILY - Raeford, NC

Type:Office

Property size:

5,000 SF

Lot size:

0.38 Acres

Price / SF:

$159/SF

HighLights

Prime commercial property in downtown Raeford with excellent visibility and accessibility.
All‑brick building (approximately 5000sf) divided into four separate units suitable for office or retail.
Two units are currently occupied, providing immediate rental income.
Opportunity for investor or owner‑user to occupy one unit while generating income from others.
Potential for increased rental income; market rents estimated at $10 per square foot or higher.
Constructed with durable brick and wood frame materials.

We can help!

Contact an agent

Angela Rooney

For Sale

$795,000

SINGLE_FAMILY - Raeford, NC

Type:Office

Property size:

5,000 SF

Lot size:

0.38 Acres

Price / SF:

$159/SF

Added:: Apr 1, 2026
Days on Market:: 95
Last Refresh:: Jul 4 at 12:06 pm

Property Features for 402-406b Harris Avenue

General Information

Property type: Residential
Property subtype: Office
Zoning: commercial
Standard status: Active
APN: 694340901059
Size: 5,000 SF
Lot size: 0.38 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Description: BETHEL RD & HARRIS
Tax Annual Amount: 1887

Utilities

Heating system: Electric (Heating)

Building Details

Year built: 1990
Flooring type: Concrete
Building materials: Brick, Wood Frame

We can help!

Contact an agent

Angela Rooney

Listing agent Angela Rooney License #266012

Listing office Freedom Realty of NC, LLC PO Box 3534, Pinehurst, NC

Listing date Apr 1, 2026

MLS# 100564101

HighLights

Prime commercial property in downtown Raeford with excellent visibility and accessibility.
All‑brick building (approximately 5000sf) divided into four separate units suitable for office or retail.
Two units are currently occupied, providing immediate rental income.
Opportunity for investor or owner‑user to occupy one unit while generating income from others.
Potential for increased rental income; market rents estimated at $10 per square foot or higher.
Constructed with durable brick and wood frame materials.

Overview

Located in downtown Raeford, this commercial property offers visibility and accessibility. The all-brick building, totaling approximately 5000 square feet, is divided into four separate units. Suited for a variety of uses, including office or retail, the property presents an opportunity for an investor or an owner-user. Two units are currently occupied, providing immediate income, with additional leasing potential available. The property is located within city limits on a 0.38-acre lot. Market rents in the area are estimated at approximately $10 per square foot or higher.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$102.0k	$20.40
− Vacancy	−$20.5k	−$4.10
EGI	$81.5k	$16.30
− OpEx	−$20.4k	−$4.07
NOI	$61.1k	$12.22

5,000 SF · lease $20.40/SF/yr · vacancy 20.10% · expense 25.00%

Alternative Uses

Best Use

Office B

$873.2K

$764.1K – $1.02M (±1% cap)

NOI $61,124 @ 7.0% cap · market cap 7.69%

Second Best

Retail

$807.3K

$706.4K – $941.9K (±1% cap)

NOI $56,511 @ 7.0% cap · market cap 7.11%

Theoretical Best

Office A

$1.10M

$958.8K – $1.28M (±1% cap)

NOI $76,704 @ 7.0% cap · market cap 9.65%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Location Insight

Map
Local Demand

City: Raeford
County: Hoke
State: North Carolina
Longitude: -79.231366
Latitude: 34.977821

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For sale
Office buildings
NC
Raeford
28376
402-406b Harris Avenue

What type of property is this?

Office building - Commercial property in downtown Raeford with income potential.

Where is this office building located?

The property is located at 402-406b Harris Avenue Raeford, NC.

What is the asking price?

The asking price for this property is $795,000.

What are key features of this property?

This property features: Prime commercial property in downtown Raeford with excellent visibility and accessibility.; All‑brick building (approximately 5000sf) divided into four separate units suitable for office or retail.; Two units are currently occupied, providing immediate rental income.

402-406b Harris Avenue, Raeford, NC 28376

SINGLE_FAMILY - Raeford, NC

Property Features for 402-406b Harris Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Historic Corner Office and Retail Building

Four-Unit Brick Retail/Office Building

Retail Center in Growing Area

Raeford Duplex Investment Opportunity

Medical Office Building Suites

Raeford Retail/Office Space Available

Raeford Office Building For Sale

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