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Office Building with Flexible Rooms
New
For Sale
$480,000

115 N Magnolia Street, Raeford, NC 28376

Seven office rooms and additional adaptable space occupy a historic-district property on a corner parcel.

Property SizeContact for details
Lot Size0.53 Acres
Days on Market2

Property Features for 115 N Magnolia Street

General Information

Standard status Active
Lot size 0.53 Acres
Zoning HD - Historic District

Additional Details

Corner Location Yes
Property Use Office

Amenities

true
Square Feet
Cleared
Public
23086.8
0.53

Building Details

Year Built 1903
Buildings 1
Listing Agency: GRANT-MURRAY HOMES
Listed By: Keith Bliss
Source: Bliss-realestate
Added: Oct 30 Last Checked: Oct 30 at 3:31PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of GRANT-MURRAY HOMES

Rey
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Investment Insights

Based on property information with market context.

Built in 1903, this office property provides seven rooms configured as offices, plus additional flexible rooms. The building sits on a cleared 0.53-acre corner lot and is zoned HD - Historic District.

At 115 N Magnolia Street in Raeford, the property has views of the Hoke County Courthouse and is surrounded by commercial businesses.

Key Highlights

  • Seven rooms currently configured as offices, with additional flexible rooms
  • Built in 1903
  • Cleared 0.53‑acre corner lot

Property Analytics

Who owns this building? See the owner, sales and loan history
Open 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

Frequently Asked Questions

What type of property is this?
Office building - Seven office rooms and additional adaptable space occupy a historic-district property on 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: Seven rooms currently configured as offices, with additional flexible rooms; Built in 1903; Cleared 0.53‑acre corner lot
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