121 Elwood Ave Raeford, NC 28376-2801
- Office buildings
- 1,700 SF
Current Use by Public Records
- Hasty Insurance - A Relation Company / Insurance Agency / Insurance Broker
- Daymark Recovery Services - Hoke Center / Mental Health Clinic / Counselor
- Daymark / Mental Health Clinic / Counselor
- Dr. Thomas M. Jones, MD / Pediatrician
- Dr. Paul M. Kocsis, MD / Doctor
Property Details for 121 Elwood Ave
- Year built
- 1960
- Construction
- CONCRETE BLOCKS
- Property size
- 1,700 SF
- Property type
- Office buildings
- APN
- 694340501146
- APU
- 694340501146
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $320,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $295,000
- 6.5%
- $310,000
- 7%
- $300,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $290,000
- Geo Method
- $315,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $300,000
- Retail
- $270,000
- Mixed-Use
- $265,000
- Hospitality
- $250,000
- Educational
- $340,000
- Residential Income
- $290,000
- Energy
- $340,000
- Income-Based Land
- $280,000
- Food Service
- $300,000
Location Insight
- Map
- Local Demand
- City
- Raeford
- County
- Hoke
- State
- North Carolina
- Longitude
- -79.2252
- Latitude
- 34.9798
- CBSA code
- 22180
- CBSA name
- FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA
