124 E Cabarrus Street

$1,200,000

124 E Cabarrus Street

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.

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Location

124 E Cabarrus Street, Raleigh, NC 27601

Status

For Sale

Features & Amenities

Area & Lot

Status For Sale
Lot Area3,920.4 Sq.Ft.
MLS® ID10071291
TypeLand
NeighborhoodRaleigh
Elementary SchoolWake County Schools
Middle SchoolWake County Schools
High SchoolWake County Schools

Exterior

water SourcePublic
utilitiesElectricity Available
sewerPublic Sewer

Financial

Sales Price$1,200,000
Buyer Agency Compensation 2.4%
Real Estate Tax $8,682/yr

LISTING AGENT

Meredith McLaurin

Broker

A native of Raleigh, NC, Meredith has grown up with a front-row seat to the extraordinary growth in the Triangle.

Contact

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Thank you for your interest in 124 E Cabarrus Street, Raleigh, NC 27601. We are reviewing your request and will be in touch shortly!

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Contact Details

[email protected]

Open hours

3200 Wake Forest Road #101 Raleigh, NC 27609 919.876.7411

Address

140 W. Franklin Street Suite 130 Chapel Hill, NC 27516 919.800.0799

CARY OFFICE
169 E Chatham St
Cary, NC 27511
919.377.9799

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$1,200,000