Raleigh, NC 27601 124 E Cabarrus Street
$840,000
Pending
4 more
Presented By: Hodge & Kittrell Sotheby's Int;
Home Details
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.
Presented By: Hodge & Kittrell Sotheby's Int;
Interior Features for 124 E Cabarrus Street
Other Interior Features
Above Grade Finished Area Unit TypeSquare Feet
Air Conditioning Y/NNo
Below Grade Finished Area Unit TypeSquare Feet
Fireplace Y/NNo
Heating Y/NNo
General for 124 E Cabarrus Street
Attached Garage No
Building Area UnitsSquare Feet
Carport Y/NNo
CityRaleigh
CountyWake
DirectionsFrom I-40, take exit 99 for Hammond and Person St. Take a left at the exit ramp towards Person St/ downtown Raleigh. In .7 miles, take a left on Cabarrus St. Property will be on the left, adjacent to T
Elementary SchoolWake County Schools
Garage Y/NNo
HOANo
High SchoolWake County Schools
Lease Considered Y/NNo
Living Area UnitsSquare Feet
Lot Size Square Feet3920.4
Lot Size UnitsSquare Feet
Middle/Junior High SchoolWake County Schools
ModificationTimestamp2025-03-07T23:51:16.000Z
New ConstructionNo
Ok to LeaseMonth To Month
Property Attached Y/NNo
Property SubtypeUnimproved Land
Property TypeLand
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusPending
StatusPending
Subdivision NameNot in a Subdivision
Tax Annual Amount8681.53
UtilitiesElectricity Available
Waterfront Y/NNo
Exterior for 124 E Cabarrus Street
Horse Y/NNo
Lot Dimensions56.42ft x 78.06ft x 58.49ft x 79.06ft
Lot Size Acres0.09
Lot Size Area3920.4
Open Parking Y/NNo
Road Frontage TypeCity Street
Road Surface TypeAlley Paved, Asphalt, Concrete
SpaNo
Water SourcePublic
Additional Details
Price History
Schools
Middle School
Wake County Schools Middle School
Elementary School
Wake County Schools Elementary School
High School
Wake County Schools High School
Nina Gervase
Realtor
