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Sold for $800,000 on 08/18/25
  • $800,000

    124 E Cabarrus St, Raleigh, NC 27601

    --beds
    --baths
    3,920.4Square Feet
    Unimproved Land, Land
    Built in ----
    3,920.4 Square Feet Lot
    $-- Zestimate®
    $--/sqft
    $1,723 Estimated rent

    What's special

    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.

    Zillow last checked: 7 hours ago

    Listing updated: August 20, 2025 at 07:24am

    Listed by:

    Meredith Mclaurin Little 919-757-2175,

    Hodge & Kittrell Sotheby's Int

    Bought with:

    Non Member

    Non Member Office

    Source: Doorify MLS,MLS#: 10071291MLS Logo

    Facts & features

    Property

    Features
    • Has view: Yes
    Lot
    • Size: 3,920 sqft
    • Dimensions: 56.42ft x 78.06ft x 58.49ft x 79.06ft
    Details
    • Parcel number: 1703765810
    • Special conditions: Standard

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Available

    Community & neighborhood

    Location
    • Region: Raleigh
    • Subdivision: Not in a Subdivision

    Other

    Other facts
    • Road surface type: Alley Paved, Asphalt, Concrete
    Services availability