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

Date Sold

August 18, 2025

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

Utilities

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

Schedule a Tour

I would love to help you see this beautiful home! As a full-service agent, I can help you tour. Please submit an offer, and answer questions about the buying process.

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Thank you

for your interest in 124 E Cabarrus Street, Raleigh, NC 27601

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