- Updated On:
- January 16, 2025
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.
Address: 124 E Cabarrus Street, Raleigh NC 27601
City: Raleigh
Area: Not in a Subdivision
State/County: Wake
Zip: 27601
Country: US
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Property Id : 1074936
Price: $ 1,200,000
Property Lot Size: 0 ft2
Listed By: Meredith Mclaurin Little
List Office Name: Hodge & Kittrell Sotheby's Int
DOM: 0
ElementarySchool: Wake County Schools
HighSchool: Wake County Schools
LotSizeArea: 3920.4
LotSizeSquareFeet: 3920.4
Other Features
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$ 6,152.64
per month- Principal and Interest
- Property Tax
- HOA fee
$ 4,652.64
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