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Residential Development Lot
For Sale
$850,000

6312 New Market, Raleigh, NC 27615

Oversized, flat wooded homesite in an R-6 zone with 115-foot frontage and potential for two homesites.

Property Size2,201 SF
Lot Size0.68 Acres
Price / SF$386.19
Days on Market108

Property Features for 6312 New Market

General Information

Standard status Active
Size 2,201 SF
Lot size 0.68 Acres
Property subtype Land or Vacant Lot
Zoning R-6

Taxes and HOA fees

Annual Taxes $6,523
Listing Agency: CW REALTY
Listed By: CHARLES WHITEHORNE · License #286064
Source: Corcoran
Added: May 5 Changed: Aug 8 Last Checked: May 10 at 4:55AM

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 CW REALTY

Investment Insights

Based on property information with market context.

This offering presents an oversized residential lot in the North Ridge neighborhood, featuring a flat, wooded build site with mature hardwood trees. The lot is 115 feet wide and 215 feet deep, and it is zoned R-6. A home currently sits on the property, with approximately 2,201 square feet noted for the existing structure.

The location provides walkability to the North Ridge Country Club clubhouse, pool, and tennis facilities.

The property is described as potentially subdividable to create two homesites, offering flexibility for builders or investors planning residential development within the R-6 zoning framework.

Key Highlights

  • 0.68‑acre flat wooded lot in the North Ridge neighborhood with mature hardwood trees
  • R‑6 zoning—115 ft of frontage and 215 ft deep
  • Potential to be subdivided for 2 homesites

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store (Bike/Boat/Book/etc) Store Food Market Daycare Center Auto Parts 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.

Location Intelligence

Trade Area within ½ mile

1,252
Businesses Nearby

Demographics for 27615, NC

43,010
Population
20,681
Households
2.1
Avg Household Size
43
Median Age
64%
College-Educated
97%
High-School Grad
18.9 sq mi
ZIP Area
2,276
Density / Sq Mi
$107,051
Median Household Income
$60,661
Median Earnings
$1,533
Median Rent
$441,100
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Residential land & home lot - Oversized, flat wooded homesite in an R-6 zone with 115-foot frontage and potential for two homesites.
Where is this residential land & home lot located?
The property is located at 6312 New Market Raleigh, NC.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 0.68‑acre flat wooded lot in the North Ridge neighborhood with mature hardwood trees; R‑6 zoning—115 ft of frontage and 215 ft deep; Potential to be subdivided for 2 homesites
More about this property
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