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

Pending

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

$840,000

Real Estate Tax

$8,682/yr

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