Homesite in Downtown South
For Sale
$295,000
623 Velma Hopkins, Raleigh, NC 27603
Build your dream home in Raleigh's growing Downtown South.
Property SizeContact for details
Lot Size0.05 Acres
Days on Market235
Property Features for 623 Velma Hopkins
General Information
Standard status
Active
Lot size
0.05 Acres
Property subtype
Land or Vacant Lot
Taxes and HOA fees
Annual Taxes
$1,500
Amenities
Views
Listing Agency:
CITYSPACE MANAGEMENT
(919) 271-1021
Listed By:
RICHARD JOHNSON · License #221471
Source:
Corcoran
Added: Dec 29, 2025
Changed: Aug 8
Last Checked: Aug 8 at 1:55PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CITYSPACE MANAGEMENT
Investment Insights
Based on property information with market context.
This homesite is located in Caraleigh Commons, in the rapidly growing Downtown South District, minutes from Downtown Raleigh, the NC Farmers Market, and Dix Park. The community offers rooftop decks with skyline views, adjacency to protected woodlands, and direct access to the greenway trail system. The site is suitable for homes up to 3000 sqft. Buyers may bring their own custom design or select from a portfolio of over 50 custom designed home plans. An example plan is the Alder plan, a 4-bedroom, 3.5-bath home offering approximately 2,269 square feet and a rooftop deck. The lot comes with key infrastructure already in place, including water and sewer taps, underground electric and cable, curb and gutter, driveway apron, and completed grading. It has been elevated with engineered structural fill. FEMA review is underway to confirm the lot is above the mapped floodplain, with confirmation anticipated in February. This represents one of the last remaining opportunities to build a single-family home in Downtown South, an area rapidly emerging as the exclusive core of Raleigh's next generation of downtown living.
Key Highlights
- Prime location in the rapidly growing Downtown South District, minutes from Downtown Raleigh, NC Farmers Market, and Dix Park.
- One of the last remaining opportunities to build a single‑family home in Downtown South.
- Community features rooftop decks with skyline views, adjacency to protected woodlands, and direct greenway trail access.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
100
Businesses Nearby
Explore this area
Business Placement
Demographics for 27603, NC
54,616
Population
24,030
Households
2.3
Avg Household Size
34
Median Age
48%
College-Educated
94%
High-School Grad
51.4 sq mi
ZIP Area
1,063
Density / Sq Mi
$87,939
Median Household Income
$51,856
Median Earnings
$1,496
Median Rent
$347,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Build your dream home in Raleigh's growing Downtown South.
Where is this residential land & home lot located?
The property is located at 623 Velma Hopkins Raleigh, NC.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Prime location in the rapidly growing Downtown South District, minutes from Downtown Raleigh, NC Farmers Market, and Dix Park.; One of the last remaining opportunities to build a single‑family home in Downtown South.; Community features rooftop decks with skyline views, adjacency to protected woodlands, and direct greenway trail access.
