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$840,000
76 Days On Site

124 E Cabarrus Street
Raleigh, NC 27601

For Sale|Unimproved Land|Pending
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt

Built
Subdivision:
Not in a Subdivision
County:
Wake
Call Now: 919-844-1152
Is this the home for you? We can help make it yours.
919-844-1152
124 E Cabarrus Street124 E Cabarrus Street124 E Cabarrus Street124 E Cabarrus Street
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OFFERS RECEIVED- Deadline is 12pm March 7 for submissions. Rare Find: Income-Generating Downtown Parking Lot Adjacent to the Historic Lincoln Theatre This exceptional property presents a unique opportunity for developers and investors seeking a prime foothold in the heart of Raleigh's vibrant Central Business District. Situated on a highly visible corner lot at 124 E. Cabarrus St., this .09 acre property enjoys immediate proximity to the renowned Lincoln Theatre, a cultural landmark. Currently operating as a successful parking lot with a management lease, the property generates consistent income while offering significant upside potential.

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Listing Snapshot
Price 
$840,000
Days On Site 
76 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.09 Acres
Year Built 
N/A
MLS® Number 
10071291
Status 
Pending
Property Tax 
$8,681.53
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 weeks agoListing updated with changes from the MLS®
4 weeks agoStatus changed to Pending
a month agoPrice changed to $840,000
3 months agoListing first seen on site
General Features
Acres 
0.09
Parking 
Paved
Property Sub Type 
Unimproved Land
Sewer 
Public Sewer
Special Circumstances 
Standard
Utilities 
Electricity Available
Water Source 
Public
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Exterior Features
Lot Features 
Cleared
Road Frontage 
City Street
Community Features
Financing Terms Available 
CashConventional1031 Exchange
Roads 
Alley PavedAsphaltConcrete
Schools
School District
Unknown
Elementary School
Wake County Schools
Middle School
Wake County Schools
High School
Wake County Schools
Listing courtesy of Meredith Mclaurin Little of Hodge & Kittrell Sotheby's Int



Listings that are marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Copyright 2025 Triangle MLS, Inc. of North Carolina. All rights reserved.

Last checked: 2025-04-03 07:00 PM UTC

Neighborhood & Commute
Source: Walkscore
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