124 E Cabarrus Street

Property Description

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.

Overview

Property Status

Sold

Lot Size

3,920.4 Sq.Ft.

MLS ID

10071291

Property Type

Land

Are you interested?

Schedule a Tour

Meredith McLaurin Little

919.757.2175 [email protected]

Features & Amenities

Neighborhood

Wake County

Water Source

Public

Utilites

Electricity Available

Sewer

Public Sewer

Elementary School

Wake County Schools

Middle School

Wake County Schools

High School

Wake County Schools

Sales Price

$800,000

Real Estate Tax

$8,682/yr

Browse my active and past sales

Portfolio

Pending
$3,880,000

7104 Camp Branch Lane, Apex, NC 27502
- 4 Beds
- 4 Baths
- 3,157 Sq.Ft.
Sold

$3,500,000

00 Olives Chapel Road, Apex, NC 27523
For Sale

$2,300,000

6004 Pete Fish Road, Willow Springs, NC 27592
Sold
$1,275,000

2805 Kittrell Drive, Raleigh, NC 27608
- 4 Beds
- 3 Baths
- 2,893 Sq.Ft.
Sold
$1,075,000

908 Craftsman Street, Hillsborough, NC 27278
- 5 Beds
- 5 Baths
- 4,006 Sq.Ft.
Sold
$850,000

1417 Battery Drive, Raleigh, NC 27610
- 4 Beds
- 4 Baths
- 2,972 Sq.Ft.
Sold
$830,000

206 Burgwin Wright Way, Cary, NC 27519
- 5 Beds
- 4 Baths
- 3,272 Sq.Ft.
Sold

$800,000

124 E Cabarrus Street, Raleigh, NC 27601
Sold
$786,000

109 Bittercress Court, Cary, NC 27518
- 4 Beds
- 3 Baths
- 3,277 Sq.Ft.
Sold
$775,000

2422 Castleburg Drive, Apex, NC 27523
- 4 Beds
- 3 Baths
- 2,994 Sq.Ft.
Sold
$687,500

1825 Wilshire Avenue, Raleigh, NC 27608
- 4 Beds
- 2 Baths
- 2,084 Sq.Ft.
Sold
$608,000

315 Golf Course Drive, Raleigh, NC 27610
- 3 Beds
- 2 Baths
- 1,844 Sq.Ft.
Sold
$600,000

1203 Brookgreen Drive, Cary, NC 27511
- 4 Beds
- 4 Baths
- 2,675.8 Sq.Ft.
Sold

$525,000

2245 N Grassland Court, Fuquay Varina, NC 27526
Sold
$515,000

303 Grantwood Drive, Clayton, NC 27527
- 4 Beds
- 3 Baths
- 2,410 Sq.Ft.
Sold
$505,000

401 Haywood Street, Raleigh, NC 27601
- 3 Beds
- 2 Baths
- 1,066 Sq.Ft.
Sold
$500,000

3167 Jonesboro Road, Dunn, NC 28334
- 4 Beds
- 3 Baths
- 2,820 Sq.Ft.
Sold
$475,000

4528 Shady Side Lane, Durham, NC 27713
- 4 Beds
- 3 Baths
- 2,304 Sq.Ft.
Pending
$460,000

114 Clarendon Crescent, Raleigh, NC 27610
- 3 Beds
- 2 Baths
- 1,682 Sq.Ft.
Sold
$410,000

1601 Dunraven Drive, Raleigh, NC 27612
- 3 Beds
- 3 Baths
- 1,684 Sq.Ft.
Sold

$400,000

0 Tody Goodwin Road, Apex, NC 27502
Sold
$395,000

398 Amelia Church Road, Clayton, NC 27520
- 3 Beds
- 2 Baths
- 1,698 Sq.Ft.
Sold
$340,000

100 Leachburg Drive, Garner, NC 27529
- 3 Beds
- 2 Baths
- 1,222 Sq.Ft.
Sold
$330,000

7 Spring Glen Court, Durham, NC 27703
- 3 Beds
- 2 Baths
- 1,583 Sq.Ft.
Sold
$324,000

138 Tanglewood Place, Angier, NC 27501
- 3 Beds
- 3 Baths
- 1,620 Sq.Ft.
Sold
$310,000

2040 McBurnie Drive, Raleigh, NC 27603
- 3 Beds
- 3 Baths
- 2,102 Sq.Ft.
Sold
$260,000

3329 Coachmans Way, Durham, NC 27705
- 2 Beds
- 3 Baths
- 1,327 Sq.Ft.
Sold

$241,000

Barbecue Church Road, Sanford, NC 27332
Sold
$238,000

151 Carmichael Court # C, Cary, NC 27511
- 2 Beds
- 1 Bath
- 718 Sq.Ft.
Sold

$108,000

1044 Irongate Drive, Apex, NC 27502