121 Elwood Ave Raeford, NC 28376-2801
This 1,500-square-foot office building presents a compelling investment or leasing opportunity in the heart of Raeford, North Carolina. Located at 121 W Elwood Ave, this single-tenant property boasts a prime downtown location, zoned CB-Central Business, offering versatility for various professional uses. Constructed in 1960, the building is classified as Class C and features a spacious layout including a large reception area, several cubicle workspaces, two private offices, a restroom, and a convenient rear storage area. The property's central location provides easy access to local amenities and key facilities, making it an attractive option for businesses seeking a well-established presence in Raeford's dynamic business district. The building's solid structure offers a strong foundation for immediate occupancy or potential customization to suit specific business needs. This property is available for purchase at $255,000 or for lease at a gross monthly rate of $1,850. Situated in Hoke County, NC, zip code 28376, this offering represents a significant opportunity within a growing market. The property is entirely vacant, providing immediate occupancy for a new tenant or owner-occupier.
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Hasty Insurance - A Relation Company Insurance Agency
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Daymark Recovery Services - Hoke Center Medical Clinic
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Daymark Medical Clinic
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Dr. Thomas M. Jones, MD Pediatrician Medical Clinic
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Dr. Paul M. Kocsis, MD Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.