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

Features
: Electric
Address Map
US
NC
Moore
Carthage
28327
Ray
106
Street
W80° 34' 53.4''
N35° 20' 47.7''
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.
S
CBD
MLS Addon
Carolina Summit Group, LLC
Holly Spofford Bell
Yes
Yes
$0
Additional Information
5500
Retail,Commercial,Food Service
: Brick
: Vacant
: Crawl Space, Basement
: Corner Lot
121.8x130x83.2x21.3x69.3x113.8
2026-04-22
Listing Information
George Manley
573505776a
573588930
Carolina Summit Group, LLC
573501517a
573588930
See Remarks
Active
2026-04-28T18:59:35Z
HiveMLS
: Short Sale
2026-04-22T19:28:53Z

106 Ray

106 S Ray Street, Carthage, North Carolina 28327

0.41 Acre
$2,100,000
Listing ID #100568861
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
MLS ID : 8f4c3d8dcb1fcc540f2c2c00c95132ba
Listing ID : 100568861
Price : $2,100,000
Lot Area : 0.41 Acre
Year Built : 1906
Status : Active
Property Sub Type : Improved
Agent info
Contact Agent