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$1,200,000
4 Days On Site
124 E Cabarrus StreetRaleigh, NC 27601
For Sale|Unimproved Land|Active
0
Beds
0
Full Baths
0
Partial Baths
—
SqFt
—
/SqFt
—
Built
Subdivision:
Not in a Subdivision
County:
Wake
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Monthly Payment (Est.)
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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
$1,200,000
Days On Site
4 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
Active
Property Tax
$8,681.53
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 4 days ago | Listing updated with changes from the MLS® | |
| 4 days ago | Listing 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.
Data last updated: 2024-10-30 12:00 AM UTC
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.
Data last updated: 2024-10-30 12:00 AM UTC
Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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