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Listed by George Manley, Carolina Summit Group, LLC.

469 Posey Farm Road, Raeford, NC 28376

$10,500,000
Property Type: Comm Sale or Lease Square Footage: 30,000 Lot Size (sq. ft.): 701,752 Status: Active
Current Price: $10,500,000 List Date: 4/24/2026 Last Modified: 4/24/2026

Overview

Description

Shahbain Farms & Event Center offers an opportunity to acquire a +/- 30,000 SF facility on 16.11 acres in Raeford, NC. The property includes a main building and a smaller secondary building, both with expansive interior layouts, complemented by landscaped grounds featuring a palm-lined entrance, pond, fountain, and outdoor areas. Ample on-site parking accommodates high-capacity events, and the site is zoned RA-20. Conveniently located near Fayetteville and Southern Pines, this property provides a substantial special-purpose facility with significant acreage.

Listing Details MLS# 100569450

Contract Info

Delayed Marketing?
No
Marketing Start Date
2026-04-24
Sub-Type
Improved
Garage
N/A
Sale/Lease
Sale
Listing Price
10500000
List Price/SqFt
350
Stipulation of Sale
Standard

Location Information

Street #
469
Street Name
Posey Farm
Street Suffix
Road
County
Hoke
State/Province
NC
Zip Code
28376
City Limits
No
Marketing City
Raeford
Subdivision
Forest View

Remarks and Showing

Directions to Property
Take 295 to Strickland Bridge Rd exit, take exit, head southwest on Strickland Bridge Rd, continue onto Barefood Rd, turn right onto Rockfish Rd, turn left onto Posey Farm Rd, continue 0.4 miles, property on the left
Sign on Property
No

Building Info

New Construction
No

BuildingExt Features

SqFt – Heated (Primary)
30000

Legal and Taxes

Tax Assessed Value
4391550
Deed Book
1444
Deed Page
70
Legal
A RAEFORD 4-178/5
Broker Owner
No
PID
494650301225
Tax Identifier
494650301225
Plat Book
04178
Plat Page
0005
Total Real Estate Property Taxes
35571.56
Special Assessments
none
Tax Year
2025
Year Built
2023
Zoning
RA-20
Cobra Zone
No

More Information

Building/Ext Features

# of Units
0
Fireplace Y/N
No
Lot Acres
16.11
Lot SqFt
701752
Lot Dimensions
See Plat
SqFt – Total Available
30000
Location Type
Mainland

Business Type

Commercial
Yes

Current Use

Commercial
Yes
Meeting Hall
Yes

Parking Features

On Site
Yes
Parking Lot
Yes
Paved
Yes
Private
Yes

Sale/Lease Includes

Buildings
Yes
Land
Yes

Road Type/Frontage

Paved
Yes
Public (City/Cty/St)
Yes

Location

Freestanding
Yes

Heating System Fuel Source

Electric
Yes

Property Features

Business Type: Commercial Parking Features: On Site; Parking Lot; Paved; Private Current Use: Commercial; Meeting Hall Location: Freestanding Heating System Fuel Source: Electric
IDX
Listing Office: Carolina Summit Group, LLC
Last Updated: April – 24 – 2026
Copyright 2026 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.
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