Land For Sale 124 Cabarrus Street Raleigh, NC 27601

Priced From $1,200,000

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Land For Sale North Carolina 124 Cabarrus Street, Raleigh

0.09 Acres

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.

Data last updated Jan. 28, 2025, 11:15 a.m.. Properties in listings may have been sold or may no longer be available.

Property Details

About

County Or Parish: Wake
Tax Annual Amount: 8681.53
Subdivision Name: Not in a Subdivision
Days On Market: 12
Road Frontage Type: City Street

Utilities

Sewer: Public Sewer
Water Source: Public
Utilities: Electricity Available

Schools

Elementary School: Wake County Schools
Middle Or Junior School: Wake County Schools
High School: Wake County Schools

The Neighborhood Explore The Area

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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The real estate listing(s) displayed on this page are provided by way of Caruso Homes Realty NC, LLC, 110 Horizon Drive, Suite 310, Raleigh, NC 27615, Office phone: 240-495-3194.

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