About This Home

This 0-bedroom, 0-bathroom commercial 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.

Key Features

  • Built in 1906
  • 0.41 acre lot
  • Fireplace

Property Details

1906

Amenities

Fireplace
Listing 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

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 commercial at 106 S Ray Street is listed at $2,100,000 ($382/sqft). The estimated monthly payment is $11,232 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

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

This property is listed by Holly Spofford Bell.

HB

Holly Spofford Bell

License 252152

Agent at Carolina Summit Group, LLC

Listed by Carolina Summit Group, LLC · Broker phone: 9106845353

MLS# 100568861· Source: Hive MLS· 191 days on PropertySimple

Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

106 S Ray Street, Carthage, NC 28327

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