#10064429, Tama Bouncer, Listing Office: Agent Group Realty
Property details
About 124 E Cabarrus St
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.
Highlights
Home typeUnimproved Land
StatusActive
Lot size0.09 Acres
MLS #10071291
Summary
- MLS Number: 10071291
- MLS Name: Doorify MLS
- Office Name: Hodge & Kittrell Sotheby's Int
- Office Phone: (919) 876-7411
- Office Email: gilliam.kittrell@hodgekittrellsir.com
- Listing Agent: Meredith Mclaurin Little
Copyright © 2025 Doorify MLS of North Carolina. All rights reserved. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use.
Properties subject to prior sale, change, withdrawal or rental. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/2/2025, 3:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$840,000
124 E Cabarrus St
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $999,600 | $9,361 |
| 2023 | $509,600 | $5,955 |
| 2022 | $509,600 | $5,560 |
| 2021 | $509,600 | $5,182 |
| 2020 | $784,784 | $5,091 |
| 2019 | $587,412 | $6,787 |
| 2018 | $587,412 | $6,480 |
History based on county public records data.
Nearby schools
5
Washington Magnet Elementary School
Public Magnet PK-5
0.5 mi
•1000 Fayetteville St
5
Hunter Magnet Elementary School
Public Magnet PK-5
0.8 mi
•1018 E Davie St
5
Wiley Magnet Elementary School
Public Magnet PK-5
1.1 mi
•301 Saint Marys St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $44,612. Typical income of Raleigh, NC residents is less than $<35k annually. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
44%
<35k
33%
35k-100k
15%
100k-200k
8%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
77%
Single, No Kids
4%
Single, with Kids
14%
Married, No Kids
5%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
5%
<11 yrs old
4%
12-17 yrs old
38%
18-34 yrs old
44%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Yoga/pilates
Continuing Education Courses
NBA/WNBA
Where do the neighbors shop?
H&M
Express/Express For Men
Forever 21
Where do the neighbors go to eat?
Dominos Pizza
Qdoba
Starbucks
What do the neighbors drive?
Audi
Volkswagen
Pontiac
What do the neighbors listen to?
Alternative
Urban Contemporary- Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
Similar homes for sale
#10066771, Casey Styers, Listing Office: EXP Realty LLC
#10072002, Lisa Coleman, Listing Office: EXP Realty LLC
#10062004, Cecilia Zuvic, Listing Office: Monarch Realty Co.
#10070937, Chelsea Ward, Listing Office: Coldwell Banker HPW
#10071391, Stephanie J Smith, Listing Office: Select Premium Properties Inc.
#10061972, David MANG, Listing Office: Rich Realty Group
Frequently asked questions
About 124 E Cabarrus St
This home is located at 124 E Cabarrus St in Raleigh, NC and zip code 27601 in the Inside the Beltline neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since January 16, 2025 and is currently priced at $840,000.
Over 67 listings were sold over their listed price in February 2025 in Raleigh, NC. In the same period over 194 listings were sold below the listed price and 83 listings were sold for the listed price. In February 2025 in Raleigh, NC there were 7.5% more homes for sale than in January. Listings spent 51 days on the market in February 2025, and had a median list price of $455,202 during the same period.
From Rocket Homes Real Estate and based on county public records data.