#10064429, Tama Bouncer, Listing Office: Agent Group Realty
Property details
About 124 E Cabarrus St
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.
Highlights
(Pending)
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
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Last updated on: 3/15/2025, 8:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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124 E Cabarrus St
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Price information
Property sales
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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. Most Raleigh, NC residents have annual incomes less than $<35k. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.
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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.
While more than 67 listings in Raleigh, NC in February 2025 were sold above asking price, there were more than 83 listings sold at asking price, and more than 194 were sold below. The number of homes for sale in Raleigh, NC increased by 7.5% between January and February 2025. The median list price of listings available in February 2025 was $455,202, while the average time on the real estate market was 51 days.