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124 E Cabarrus Street

Raleigh, NC 27601
  • $1,200,000
  • STATUS: Active
  • ON SITE: 29 Days
  • MLS #: 10071291
$1,200,000
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:
Area:

School Information

Elementary School:
Middle School:
High School:
Triangle MLS logoListing courtesy of Hodge & Kittrell Sotheby's Int: .
© 2025 Doorify MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.

Description

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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Triangle MLS logo©2025 Doorify MLS, Inc. of North Carolina. All rights reserved. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database. Data last updated 2025-02-14T23:50:25.153.
www.nccoastalproperty.com/homes/159510667
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124 E Cabarrus Street Raleigh, NC 27601

  • Price: $1,200,000
  • Status: Active
  • On Site: 29 Days
  • MLS #: 10071291
0
Beds
0
Baths
0
½ Baths
0.09
Acres
Neighborhood:
Not In A Subdivision
County:
Wake
Area:
Raleigh
Elementary School:
Wake County Schools
Middle School:
Wake County Schools
High School:
Wake County Schools
Property Description
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.
Exterior Features

Pool Private YN No Road Frontage Type City Street Road Surface Type Alley PavedAsphaltConcrete

Property Features

Association YN No Lease Term Month To Month Property Sub Type Unimproved Land Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 8681.53 Utilities Electricity Available View YN Yes Water Source Public



Triangle MLS logo©2025 Doorify MLS, Inc. of North Carolina. All rights reserved. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database. Data last updated 2025-02-14T23:50:25.153.
 
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The Legacy Team | Intracoastal Realty
119 Causeway Drive
Ocean Isle Beach NC, 28469
Triangle MLS logoListing courtesy of Hodge & Kittrell Sotheby's Int: .
© 2025 Doorify MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.