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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

Overview

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 ... (Read more)

Listing Details MLS# 100568861

Contract Info

Delayed Marketing?: No
Marketing Start Date: 2026-04-22
Sub-Type: Improved
Garage: N/A
Sale/Lease: Sale
Listing Price: 2100000
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

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
Plat Book: No
Plat Page: No

More Information

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

Business Type

Food Service: Yes
Retail: Yes
Commercial: Yes

Current Use

Vacant: Yes

Structure Type

Retail: Yes

Exterior Finish

Brick: Yes

Terms

See Remarks: Yes

Foundation

Basement: Yes
Crawl Space: Yes

Sale/Lease Includes

Buildings: Yes
Fixtures: Yes
Land: Yes

Lot Description

Corner Lot: Yes

Road Type/Frontage

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

Other Structures

See Remarks: Yes

Location

Corner: Yes
Freestanding: Yes

Heating System Fuel Source

Electric: Yes

Fireplace Features

Brick: Yes
Decorative: Yes

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

IDX

Listing Office: Carolina Summit Group, LLC

Last Updated: April - 28 - 2026

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