401 W Cabarrus St., Raleigh, NC 27601

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Listing date Jun 25, 2026

Source Maverickpartners

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Overview

A development site totaling 0.61 acres is being offered at 401 W. Cabarrus St. in Downtown Raleigh, NC. The property is currently under DX-12 zoning, which allows for up to 12 stories in height. An adjacent land context is also part of the offering, with two nearby parcels identified as potentially available for assemblage, which could add 0.45 acres to bring the total land mass to 1.06 acres.

The site is described as being directly across the street from Kane Realty’s “West End” development planned for the former Clancey and Theys HQ. The remarks also place the property within walking distance of Downtown Raleigh destinations including Red Hat Amphitheater, Raleigh Convention Center, Warehouse District, Union Station, and the Duke Energy Center.

For developers and operators, the primary utility of the site is its zoning flexibility across the identified assemblage components, including DX-5 zoning that allows up to 5 stories. The DX-5 component is noted as enabling structured parking to support maximizing the overall site’s density if the additional parcels are acquired.

Suggested Use

Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Pharmacy Gym & Fitness Center Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Raleigh

County

Wake

State

North Carolina

Longitude

-78.6456906

Latitude

35.7743044

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FAQs

What type of property is this?

Commercial land - Flexible DX zoning supports up to 12-story development, with an option to add adjacent parcels for increased assemblage size.

Where is this commercial land located?

The property is located at 401 W Cabarrus St. Raleigh, NC.

What is the asking price?

The asking price for this property is $6,480,000.

What are key features of this property?

This property features: Up to 1.06 acres available for development in Downtown Raleigh, NC, with flexible zoning options.; 0.61‑acre parcel zoned DX‑12, allowing for up to 12 stories.; Option to add adjacent parcels: 0.45 acres, bringing total assemblage size to 1.06 acres.