106 S Ray Street Carthage, NC $ 2,100,000
106 S Ray Street
$ 2,100,000
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106 S Ray Street

Carthage, NC, 28327
$ 2,100,000
Bedrooms-- Baths-- Sq 5,500

Monthly Estimate*

$ 12,930

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Commercial Property for sale in Carthage, NC

for $2,100,000. This 5,500 square foot building was built in 1906 on a lot size of 0.41.

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

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Commercial Active

Price

$ 2,100,000

Property Type

Commercial

Taxes

$ 4,579

Style

Improved

Lot Size

0.41

Year Built

1906

Town/City

Carthage

County/Region

Moore

MLS | Web ID

100568861

Features
General
Heating Electric
Zoning CBD
Construction Materials Brick
Year Built 1906
Property Subtype Improved
Tax Year 2025
Current Use Vacant
Taxes 4579.63
Location Corner Freestanding
Parcel Number 00006871
Business Type Retail Commercial Food Service
County Moore
New Construction N
Property Type Commercial Sale
In City Limits? (Y/N) Y
HOA N
Attached Garage N
Subdivision Name Not In Subdivision
Garage Y/N N
Status Active
Directions 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 wi
City Carthage
Lot Size Units Acres
Lot Size Square Feet 17860.0
Carport Y/N N
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Considered Y/N N
Standard Status Active
Tax Assessed Value 819430
Legal Description WEAVING PLANT OFFICE BLDG ADJ OFFICE
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Exterior
Exterior Finish Brick
Lot Features Corner Lot
Lot Size Area 0.41
Foundation Details Basement Crawl Space
Spa N
Building Area Total 5500
Lot Dimensions 121.8x130x83.2x21.3x69.3x113.8
Lot Size Acres 0.41
Road Surface Type Paved
Waterfront Y/N N
Road Frontage Type City Street State Road 2 - 3 Lanes Paved
Crops Included Y/N N
Horse Y/N N
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Interior
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Total Baths 0
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Internal Only
Street Number 1 106
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* Excluded Features
List By
Holly Spofford Bell

Listing Agent

Carolina Summit Group, Llc

Broker

holly@csgnc.com

Email

Affordability Calculator

$13,312
Per Month
97%
3%
0%
Monthly Principal & Interest
$12,930
Monthly Property Taxes
$382
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3960720 Elementary School
3960847 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/22/2026$2,100,000 Listed Price

Map


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106 S Ray Street, Carthage, NC, 28327 is a Commercial Property for sale at $2,100,000 with 5,500 sqft and a lot size of 0.41. 106 S Ray Street was built in 1906. The property's zip code is 28327 which is in Carthage, NC