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106 S Ray Street, Carthage, NC 28327 (MLS# 100568861)

$2,100,000
106 S Ray Street
Carthage, NC 28327
MLS# 100568861
5500 sqft
106 S Ray Street, Carthage, NC 28327
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Property 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

Details
Maps
Contract Info
Status: Active
Delayed Marketing?: No
Marketing Start Date: 2026-04-22
Sub-Type: Improved
Garage: N/A
Sale/Lease: Sale
Listing Price: 2100000
Current Price: $2,100,000
List Price/SqFt: 381.82
Stipulation of Sale: Short Sale
Location Information
Street #: 106
Pre Direction: S
Street Name: Ray
Street Suffix: Street
County: Moore
State/Province: NC
Zip Code: 28327
City Limits: Yes
Marketing City: Carthage
Subdivision: Not In Subdivision
Secondary Subdivision: N/A
Geo Lat: 35.346573
Geo Lon: -79.418488
Remarks and Showing
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.
Sign on Property: No
Building Info
New Construction: No
BuildingExt Features
SqFt - Heated (Primary): 5500
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
Total Real Estate Property Taxes: 4579.63
Special Assessments: none
Tax Year: 2025
Year Built: 1906
Zoning: CBD
Cobra Zone: No
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

Last Updated: April - 28 - 2026

106 S Ray Street, Carthage, NC 28327 - MLS# 100568861

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