Improved at 106 S Ray Street, Carthage, NC 28327
Improved at 106 S Ray Street, Carthage, NC 28327, photo 2 of 2
2 photos

$2,100,000

106 S Ray Street, Carthage, NC 28327
Carthage, NC 28327
Listed by Holly Spofford Bell · Carolina Summit Group, LLC
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1906

About this home

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

Property details

MLS
Hive MLS
MLS #
100568861
Property type
Improved
Subdivision
Not In Subdivision
Status
Active
Days on market
178
On market date
April 22, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.41 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Carthage Elementary
0.39 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
3.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
323
Student:teacher ratio
14.7:1
District
Moore County Schools
Middle
New Century Middle
3.87 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
3.7
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
640
Student:teacher ratio
16.8:1
District
Moore County Schools
High
Union Pines High
4.5 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
3.4
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
1,377
Student:teacher ratio
19.1:1
District
Moore County Schools

Walkability

Blended score for Carthage's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

42
Somewhat walkable
out of 100
EPA National Walkability Index
7.7 / 20 -- Below average walkable
Google Places amenity density
48 / 100
Restaurants & cafes11
Grocery stores1
Parks2
Schools1
Transit stops0
Pharmacies0

Mortgage calculator

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Est. monthly payment
$12,796/mo
$420,000 down
$1,680,000 loan
Principal & interest$10,896
Property tax (est.)$1,750
Home insurance (est.)$150

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Data source: Listing information provided by Hive MLS via Trestle/CoreLogic. Last updated August 19, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.