124 E Cabarrus Street
Raleigh, NC 27601
0.09 acres | #10071291
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.
Property Details
- Utility FeaturesElectricity Available
- SubdivisionNot in a Subdivision
- Elementary SchoolWake County Schools
- Middle SchoolWake County Schools
- High SchoolWake County Schools
- Property SubtypeUnimproved Land
- Sewer InformationPublic Sewer
- Property TypePurchase
- MLS #10071291
- MLS #10071291
- Cost1200000
- Utility SourcePublic
- Taxes Annual$8,681
- Acres0.09
- CountyWake
Location
Legal
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Last Updated: . Source: TRIANGLEMLS
Listing Courtesy
Listing Agent: Meredith Mclaurin Little (#101343)
Listing Office: Hodge & Kittrell Sotheby's Int (#3234)
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