124 E Cabarrus Street Raleigh, NC 27601
3,920 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Pending
Purchase Type For Sale
Subdivision Not In A Subdivision
MLS Listing ID 10071291
HOA Y/N No
Originating Board Triangle MLS
Annual Tax Amount $8,681
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type Unimproved Land
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.
Location
State NC
County Wake
Direction 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.
Exterior
Utilities Available Electricity Available
View Y/N Yes
Street Surface Alley Paved,Asphalt,Concrete
Private Pool No
Building
Faces 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.
Sewer Public Sewer
Water Public
Schools
Elementary Schools Wake County Schools
Middle Schools Wake County Schools
High Schools Wake County Schools
Others
Tax ID 1703765810
Special Listing Condition Standard
