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About This Home

This 0-bedroom, 0-bathroom single family at 106 S Ray Street in Carthage, NC is listed for $2,100,000 ($382 per sqft). Built in 1906, the home offers 5,500 sqft of living space on a 0.41 acres lot.

Agent 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

Key Features

  • Built in 1906
  • 0.41 acre lot

Property Details

1906

Monthly Cost Estimate

$11,231/mo

20% down · 6.5% · 30 years

Principal$1,519
Interest$9,100
Insurance$613

Estimates only. Actual payments may vary.

Location

106 S Ray Street

Carthage, NC 28327

Not In Subdivision

Property Details

Construction

Brick

Heating

Electric (Heating)

Questions & Answers

This 0-bedroom, 0-bathroom single family at 106 S Ray Street is listed at $2,100,000 ($382/sqft). The estimated monthly payment is $9,100 based on 20% down at 6.5% interest.

Key features include: Built in 1906, 0.41 acre lot.

This property is listed by Holly Spofford Bell and can be reached at 9106901065 or holly@csgnc.com.

HB

Holly Spofford Bell

Agent at Carolina Summit Group, LLC

(910) 690-1065

Listed by Carolina Summit Group, LLC

MLS# 100568861· Source: listhub· Updated 40 days ago

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106 S Ray Street, Carthage, NC 28327

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