124 E Cabarrus St
Raleigh, NC 27601
CentralLocal Information
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Description
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.
Home Highlights
Parking
No Info
Outdoor
No Info
HOA
None
Price/Sqft
No Info
Listed
180+ days ago
Home Details for 124 E Cabarrus St
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Appliances & Utilities Utilities: Electricity Available |
View Has a View |
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Exterior Home Features No Private Pool |
Frontage Road Frontage: City StreetRoad Surface Type: Alley Paved, Asphalt, ConcreteNot on Waterfront |
Water & Sewer Sewer: Public Sewer |
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Property Type / Style Property Type: LandProperty Subtype: Unimproved Land, Land |
Property Information Parcel Number: 1703765810 |
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Price List Price: $840,000 |
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MLS Status: Closed |
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Direction & Address City: RaleighCommunity: Not in a Subdivision |
School Information Elementary School: Wake County SchoolsJr High / Middle School: Wake County SchoolsHigh School: Wake County Schools |
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No HOA |
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Lot Area: 3920.4 sqft |
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Special Conditions: Standard |
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Mls Number: 10071291 |
Last check for updates: about 3 hours ago
Listed by Meredith Mclaurin Little, (919) 757-2175
Hodge & Kittrell Sotheby's Int
Bought with: Non Member, Non Member Office
Source: Doorify MLS, MLS#10071291

Price History for 124 E Cabarrus St
| Date | Price | Event | Source |
|---|---|---|---|
| 08/18/2025 | $800,000 | Sold | Doorify MLS #10071291 |
| 03/08/2025 | $840,000 | Pending | Doorify MLS #10071291 |
| 02/28/2025 | $840,000 | PriceChange | Doorify MLS #10071291 |
| 01/16/2025 | $1,200,000 | Listed For Sale | Doorify MLS #10071291 |
Market trends in Raleigh
Last updated May 2026
Avg. sale price
$427K
$6.83KMoM
Sale-to-List Price
98.6%
0.4%MoM
Price per sq ft
$231
$2MoM
Available listings
2189
116MoM
Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $9,397 |
| Assessment | $999,600 |
Home facts updated by county records
Comparable Sales for 124 E Cabarrus St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.66 | Lot/Land | $875,000 | 07/10/25 | - | - | ||
0.81 | Lot/Land | $470,000 | 09/26/25 | - | - | ||
0.78 | Lot/Land | $240,000 | 03/17/26 | - | - | ||
0.78 | Lot/Land | $240,000 | 03/17/26 | - | - | ||
0.63 | Lot/Land | $2,550,000 | 01/06/26 | - | - | ||
0.89 | Lot/Land | $220,000 | 07/11/25 | - | - |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 124 E Cabarrus St.
What Locals Say about Central
At least 43 Trulia users voted on each feature.
80 % Say there are sidewalks
79 % Say it's dog friendly
76 % Say parking is easy
73 % Say there's holiday spirit
71 % Say people would walk alone at night
70 % Say car is needed
69 % Say it's walkable to restaurants
67 % Say streets are well-lit
52 % Say yards are well-kept
43 % Say it's quiet
41 % Say neighbors are friendly
37 % Say they plan to stay for at least 5 years
36 % Say there's wildlife
35 % Say kids play outside
31 % Say it's walkable to grocery stores
29 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
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LGBTQ Local Legal Protections
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The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS.
Copyright 2026 Doorify MLS of North Carolina. All rights reserved.
Copyright 2026 Doorify MLS of North Carolina. All rights reserved.

