106 S Ray Street, Carthage, NC 28327

$2,100,000
Property Type: Comm Sale or Lease Square Footage: 5,500 Lot Size (sq. ft.): 17,860 Status: Active
Current Price: $2,100,000 List Date: 4/22/2026 Last Modified: 4/28/2026

Description

Turnkey restaurant opportunity in the heart of Carthage, NC, prominently located on the corner of N Ray St and McReynolds St. This 5,500 SF, two-story brick building--originally built in 1906--was fully renovated in 2023 and was most recently the home to The Buggy Factory by Southern Pines Brewing. The property spans three parcels totaling 0.41 acres and offers a rare chance to operate within a historic structure that has been thoughtfully restored and preserved, blending original character with modern updates. The space is already configured for food and beverage use, making it an attractive turnkey option for operators looking to step into an established hospitality setting. In addition to the interior space, the property features an outdoor area with a pavilion, ideal for events and expanded seating opportunities. Parking is available surrounding the building and is owned by the Town of Carthage, providing convenient access for customers and guests. This offering is a short sale and is subject to deed restrictions. Additionally, the Town of Carthage holds a right of first refusal. A unique opportunity to combine historic charm with existing restaurant infrastructure in a growing downtown setting. Photos are from when the business was in operation

More Information MLS# 100568861

Location Information

City Limits: Yes Marketing City: Carthage Secondary Subdivision: N/A Street #: 106 Pre Direction: S Street Name: Ray Street Suffix: Street County: Moore State/Province: NC Zip Code: 28327 Subdivision: Not In Subdivision Geo Lat: 35.346573 Geo Lon: -79.418488

Building/Ext Features

ud_i_08: 6 Fireplace Y/N: Yes Lot Acres: 0.41 Lot SqFt: 17860 Lot Dimensions: 121.8x130x83.2x21.3x69.3x113.8 Location Type: Mainland

Contract Info

Delayed Marketing?: No Sub-Type: Improved Garage: N/A Sale/Lease: Sale List Price/SqFt: 381.82 Stipulation of Sale: Short Sale Status: Active Marketing Start Date: 2026-04-22 Listing Price: 2100000 Current Price: $2,100,000

Remarks and Showing

Sign on Property: No Directions to Property: From Pinehurst Circle, take exit onto US-15 N/US-501 N, turn left onto NC022N/S McNeill St, turn left onto Monroe St, at Carthage traffic circle take exit onto Courthouse Square/McReynolds St, property will be at the next intersection on the left at the corner of McReynolds St and S Ray St.

Building Info

New Construction: No

Legal and Taxes

Tax Assessed Value: 819430 Deed Book: 5956 Deed Page: 542554 Legal: WEAVING PLANT, OFFICE BLDG, ADJ OFFICE Broker Owner: No PID: Multiple Tax Identifier: 00006871 Plat Book: 0 Plat Page: 0 Total Real Estate Property Taxes: 4579.63 Special Assessments: none Tax Year: 2025 Zoning: CBD Cobra Zone: No Year Built: 1906

Business Type

Food Service: 1 Retail: 1 Commercial: 1

Current Use

Vacant: 1

Structure Type

Retail: 1

Exterior Finish

Brick: 1

Terms

See Remarks: 1

Foundation

Basement: 1 Crawl Space: 1

Sale/Lease Includes

Buildings: 1 Fixtures: 1 Land: 1

Lot Description

Corner Lot: 1

Road Type/Frontage

2 - 3 Lanes: 1 Paved: 1 Public (City/Cty/St): 1

Other Structures

See Remarks: 1

Location

Corner: 1 Freestanding: 1

Heating System Fuel Source

Electric: 1

Fireplace Features

Brick: 1 Decorative: 1

BuildingExt Features

SqFt - Heated (Primary): 5500

Property Features

Business Type: Food Service; Retail; Commercial Exterior Finish: Brick Structure Type: Retail Foundation: Basement; Crawl Space Lot Description: Corner Lot Other Structures: See Remarks Current Use: Vacant Location: Corner; Freestanding Fireplace Features: Brick; Decorative Heating System Fuel Source: Electric Terms: See Remarks
Listing Office: Carolina Summit Group, LLC
IDX
Last Updated: April - 28 - 2026
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