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Single-Family Home Building Lot
For Sale
$295,000

623 Velma Hopkins Lane, Raleigh, NC 27603

Homesite offers key infrastructure in place, including water and sewer taps, underground utilities, driveway apron, and completed grading.

Property SizeContact for details
Days on Market290

Property Features for 623 Velma Hopkins Lane

General Information

Standard status Active
Property subtype Land / Unimproved Land

Additional Details

Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $1,500

Amenities

rooftop decks with skyline views
adjacency to protected woodlands
direct access to the greenway trail system
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Underground Utilities, See Remarks
No
Listing Agency: Cityspace Management
Listed By: Richard Johnson · License #221471
Source: Compass
Added: Nov 4, 2025 Changed: Aug 8 Last Checked: Mar 25 at 5:58PM

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 in Caraleigh Commons is available for a single-family build with key infrastructure already in place. Improvements include water and sewer taps, underground electric and cable, curb and gutter, a driveway apron, and completed grading with engineered structural fill. The site is described as suitable for homes up to 3,000 square feet.

The property is located in the Downtown South District, with proximity noted to Downtown Raleigh, the NC Farmers Market, and Dix Park. The community is also described as adjacent to protected woodlands and providing direct access to the greenway trail system.

FEMA review is underway to confirm the lot is above the mapped floodplain, with confirmation anticipated in February. Buyer offers may be made contingent upon FEMA approval if desired.

Key Highlights

  • Homesite in Caraleigh Commons with utilities already connected: water and sewer taps, underground electric and cable
  • Key site work completed, including curb and gutter, driveway apron, and completed grading with engineered structural fill
  • Lot is suitable for single‑family homes up to 3,000 sqft

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Spa & Massage Center Real Estate Agency Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Auto Repair Shop Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

100
Businesses Nearby

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Homesite offers key infrastructure in place, including water and sewer taps, underground utilities, driveway apron, and completed grading.
Where is this residential land & home lot located?
The property is located at 623 Velma Hopkins Lane 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: Homesite in Caraleigh Commons with utilities already connected: water and sewer taps, underground electric and cable; Key site work completed, including curb and gutter, driveway apron, and completed grading with engineered structural fill; Lot is suitable for single‑family homes up to 3,000 sqft
More about this property
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