106 S Ray - Restaurant FOR SALE


Carthage, NC 28327
$2,100,000 USD
910-690-1065
106 S Ray, Carthage, NC for Sale
$2,100,000 USD
Restaurant - FOR SALE
1/33
null | Request Cap Rate

106 S Ray
Carthage, NC 28327


HIGHLIGHTS

  • ?+/- 5,500 SF turnkey restaurant
  • Historic Tyson & Jones Buggy Factory building (1906; renovated 2023)
  • Corner location in downtown Carthage on +/- 0.41 acres (3 parcels)
  • Outdoor pavilion seating/event area included
  • ?Former brewery restaurant location with existing hospitality infrastructure

OVERVIEW

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

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$382 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1906

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

CBD

APN/PARCEL ID

00006870/857819512358,00006871/857819512302,00006872/857819511366

ASK ABOUT THIS PROPERTY

Holly BellCarolina Summit Group, LLCMore Info
910-690-1065

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Holly BellCarolina Summit Group, LLCMore Info
910-690-1065

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.