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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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106 S Ray St , Carthage, NC 28327
$2,100,000
Est. Payment: $4,666.67/mo
0 Bed
0 Bath
5500 Sqft
Status: Active | Days on site: 121
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House 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

Highlights

Listed by Holly Spofford Bell , 910-690-1065 and George Manley , 910-603-8395 Carolina Summit Group, LLC , 910-684-5353.

Property Type

Commercial Sale

Lot/Acreage
0.41

Year Built

1906

County

Moore

Neighborhood

Not In Subdivision

Listing ID

100568861

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Lot:Corner Lot
Lot Dimensions:121.8x130x83.2x21.3x69.3x113.8
Zoning:CBD
Principal Interest
$4,667
Taxes
$1,339

Home Price

$2,100,000

Loan Details

30 yrs
%

Down Payment

20%
$420,000
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Monthly Price:
$4,666.67

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,666.67 $1,338.75 $0.00 $6,005.42
Yearly $56,000.00 $16,065.00 $0.00 $72,065.00
Total $1,680,000.00 $481,950.00 $0.00 $2,161,950.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Carthage, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.