124 E  Cabarrus St, Raleigh, NC 27601
SOLD
AUG 18, 2025

124 E Cabarrus St
Raleigh, NC 27601

Central

    $800,000

    Last Sold: Aug 18, 2025
    5% below list $840K
    Est. Refi. Payment $4,510/mo*

    $800,000

    Last Sold: Aug 18, 2025
    5% below list $840K
    Est. Refi. Payment $4,510/mo*

    Local Information

    Map showing home location
    © Google
    -- mins to
    Commute Destination

    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.
    This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from October 28, 2025

    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

    Interior Features

    Appliances & Utilities
    Utilities: Electricity Available
    View
    Has a View

    Exterior Features

    Exterior Home Features
    No Private Pool
    Frontage
    Road Frontage: City StreetRoad Surface Type: Alley Paved, Asphalt, ConcreteNot on Waterfront
    Water & Sewer
    Sewer: Public Sewer

    Property Information

    Property Type / Style
    Property Type: LandProperty Subtype: Unimproved Land, Land
    Property Information
    Parcel Number: 1703765810

    Price & Status

    Price
    List Price: $840,000

    Active Status

    MLS Status: Closed

    Location

    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

    HOA

    No HOA

    Lot Information

    Lot Area: 3920.4 sqft

    Listing Info

    Special Conditions: Standard

    Rental Terms, Policies & Fees

    Lease Term: Month To Month

    Miscellaneous

    Mls Number: 10071291
    Last check for updates: about 17 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

    DatePriceEventSource
    08/18/2025$800,000Sold
    Doorify MLS #10071291
    03/08/2025$840,000PendingDoorify MLS #10071291
    02/28/2025$840,000PriceChange
    Doorify MLS #10071291
    01/16/2025$1,200,000Listed For SaleDoorify MLS #10071291
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    Property Tax and Assessment

    Year2025
    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
    -
    -
    0.69
    Lot/Land
    $172,500
    06/06/25
    -
    -

    Assigned Schools

    These are the assigned schools for 124 E Cabarrus St.
    The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

    Neighborhood Overview

    Neighborhood stats provided by third party data sources.

    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

    • 66 % 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

    Learn more about our methodology.
    • Leah Lleshaj
      "The apartment building I live in currently has events for the building residents which helps bring people together. "
    • Trulia User
      "None. Drug traffic is heavy on this street. We know our neighbors across the street and right beside us but no others. "
    • Fldonovan
      "I’ve lived i. this neighborhood for the past two years and live the energy and vibe. Very safe here."
    • Caleb U.
      "Neighborhood used to be safe but new homes and development gentrified half of the area and now crime has dropped "
    • John N.
      "This is a highly Diverse neighborhood. It’s a good place for children to grow up and see the variety of ways people live. "
    • Tdtichenor
      "Short and centrally located. Very close to shopping, work and interstate. Great area. I would recommend this are to anyone"
    • Michelle F.
      "I use to live in this neighborhood and love that it so close to so many things. City Market is just one of them! I always felt safe and parking was easy on Blount and city deck."

    LGBTQ Local Legal Protections

    Apartments for Rent

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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.

    Homes for rent near 124 E Cabarrus St

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    Off Market Homes Near 124 E Cabarrus St

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    Explore by feature

    124 E Cabarrus St, Raleigh, NC 27601 is a lot/land. 124 E Cabarrus St is located in Central, Raleigh. This property is not currently available for sale. 124 E Cabarrus St was last sold on Aug 18, 2025 for $800,000 (5% lower than the asking price of $840,000).