106 S Ray Street,Carthage, NC 28327
Carthage, NC 28327
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
| MLS # | 100568861 |
|---|---|
| Listing Type | For Sale |
| Style | Improved |
| Sub-Type | Resale |
| Status | Active |
| Year | 1906 |
| Days On Site | 186 |
| Listing Provided By | Carolina Summit Group, LLC | Holly Spofford Bell |
Features
| SQ Feet | 5,500 |
|---|---|
| Zoning | CBD |
| Acreage | 0.41 |
Interior
| Heating Yes / No | Yes |
|---|---|
| Fireplaces Total | 6 |
Exterior
| Foundation Details | Basement, Crawl Space |
|---|---|
| Lot Features | Corner Lot |
| Construction Materials | Brick |
Taxes
| Tax Assessed Value | 819430 |
|---|---|
| Tax Book Number | 0 |
| Tax Legal Description | WEAVING PLANT, OFFICE BLDG, ADJ OFFICE |
| Tax Year | 2025 |
Area Information
| State | NC |
|---|---|
| County | Moore |
| City | Carthage |
| Zip Code | 28327 |
| Listing VS Median (in 28327) | |
Price: $2,100,000 low | high Med: $412,500 sqft: 5,500 low | high Med: 1,886 $ / sqft: $382 low | high Med: $219 On site: 186 low | high Med: 76 | |
Market Activity 28327
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Learn More About This Property
| State | NC |
|---|---|
| County | Moore |
| City | Carthage |
| Zip Code | 28327 |
| Listing VS Median (in 28327) | |
Price: $2,100,000 low | high Med: $412,500 sqft: 5,500 low | high Med: 1,886 $ / sqft: $382 low | high Med: $219 On site: 186 low | high Med: 76 | |