124 E Cabarrus Street
Raleigh, NC 27601
- – beds
- – baths
- – sqft
- 3,920 sqft lot
- – on site
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.
Last checked:
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Last updated Feb 19, 2025
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MLS# 10071291 —
The Building
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Building Area Units:Square Feet
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Above Grade Finished Area Units:Square Feet
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Below Grade Finished Area Units:Square Feet
Room Dimensions
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Living Area Units:Square Feet
Financial & Terms
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Lease Term:Month To Month
Location
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Directions:From 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 The Lincoln Theatre.
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Latitude:35.774053
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Longitude:-78.637542
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Coordinates:-78.637542, 35.774053
The Property
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Property Type:Land
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Property Subtype:Unimproved Land
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Parcel Number:1703765810
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Lot Size Acres:0.09
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Lot Size Area:3920.4
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Lot Size Dimensions:56.42ft x 78.06ft x 58.49ft x 79.06ft
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Lot Size SqFt:3920.4
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Lot Size Units:Square Feet
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Road Frontage Type:City Street
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Road Surface Type:Alley Paved
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View:true
Listing Agent
- Contact info:
- Agent phone:
- (919) 757-2175
- Office phone:
- (919) 876-7411
Taxes
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Tax Annual Amount:8681.53
The Listing
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Special Listing Conditions:Standard
Utilities
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Utilities:Electricity Available
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Sewer:Public Sewer
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Water Source:Public
Schools
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Elementary School:Wake County Schools
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Middle Or Junior School:Wake County Schools
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High School:Wake County Schools
The Community
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Subdivision Name:Not in a Subdivision
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Association:false
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Pool Private:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/16/25
Jan 16, 2025
|
Listed / Active | DMLS | $1,200,000 |
