Prime Development Opportunity | 3.31 Acres * Boundaries- For illustrative purposes only. Drawn boundaries are approximate Rare opportunity to secure 3.31 acres with direct access to Main Street, making it an excellent candidate for residential development or a custom private estate. With approximate lot dimensions of 300 x 400, this parcel offers ample space and flexibility for a variety of future plans. Its strong street access, generous footprint, and development potential make this property especially attractive for builders, investors, or buyers looking to create something with long-term value. Whether you’re exploring a small residential project or holding land in a growing area, this tract offers a solid foundation and visibility that is hard to find.
Westwood, located between Elvis Presley Blvd and I-240, is a residential and commercial Memphis neighborhood with mid-century ranch streetscapes and broad, car-friendly arterials. The neighborhood’s energy concentrates around the Elvis Presley Blvd and Raines Rd corridor, where auto shops, local eateries, and storefront plazas set a practical, everyday rhythm. Brick single-story homes and tidy lawns define many blocks, while apartment communities cluster along the larger roads. T.O. Fuller State Park frames the area with wooded trails and open greenspace. The Westwood Community Center and nearby libraries add civic anchors for classes, courts, and gatherings. Commutes and errands tend to orbit the airport-area road grid and the South Memphis retail corridors.
Provided by Walk Score and Local Logic
Property details
Exterior
Finance
Exterior features
Approximately 3.31 acres
Level to rolling terrain
Regular-shaped lot
Paved road frontage
Located in the city
Pasture land adjacent to the property
No improvements on the lot
Home design
Land property
Zoned R-6
Recorded subdivision
Utilities
No utilities on site
HOA & community
Hillside community amenity
Financial info
Conventional financing available
Annual city tax approximately $112
Annual county tax approximately $117
Other
Directions: West on Raines Rd
Subdivision name: UNION CENTRAL LIFE INS CO
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10231285
Sep 28, 2026
Listed
$38,500
Memphis Area Association of Realtors(R) MLS #3
Aug 25, 2026
Price Changed
$46,900
Aug 10, 2026
Price Changed
$47,900
Jul 27, 2026
Price Changed
$49,900
Memphis Area Association of Realtors(R) MLS #2
Jun 30, 2026
Price Changed
$51,900
Jun 22, 2026
Price Changed
$52,900
Jun 10, 2026
Price Changed
$53,900
Jun 1, 2026
Price Changed
$54,900
May 27, 2026
Price Changed
$55,900
May 11, 2026
Price Changed
$56,900
Apr 20, 2026
Price Changed
$57,900
Apr 13, 2026
Price Changed
$58,900
REALTRACS as Distributed by MLS Grid #3255320
Jul 1, 2026
Listing Removed
—
Apr 3, 2026
Listed
$51,900
REALTRACS as Distributed by MLS Grid #3115483
Jan 26, 2026
Listed
$20,000
Jul 26, 2019
Sold
$13,000
Memphis Area Association of Realtors(R) MLS #1
May 21, 2024
Price Changed
$68,000
Apr 16, 2024
Price Changed
$78,000
Memphis Area Association of Realtors(R) MLS #10050008
Jul 26, 2019
Sold
$13,000
Jul 3, 2019
Price Changed
$20,000
May 1, 2019
Price Changed
$30,000
Apr 10, 2019
Listed
$60,000
Public Records
Feb 4, 2019
Sold
$10,000
Memphis Area Association of Realtors(R) MLS #9940122
Aug 19, 2015
Sold
$5,500
Jun 8, 2015
Price Changed
$11,500
Jun 8, 2015
Price Changed
$7,500
Dec 11, 2014
Listed
$11,500
Year
Property tax
Land + Additions
Assessment*
2025
$229 (−0.5%)
$4,350
2024
$230 (+8.1%)
$4,350
2023
$213
$3,500
2022
$213 (−1.2%)
$3,500
2021
$216 (−6.2%)
$3,500
2020
$230
$3,500
2019
$230
$3,175
2018
$230 (+76.3%)
$3,175
2017
$130
$3,175
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
300 ft.
Lot depth
400 ft.
Lot size
3.31 Acres
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Vacant Land
County
Shelby County
APN
082027 00076
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 14, 2026.
R-6
Residential Single Family-6 District
The single-family residential districts are intended to accommodate one single-family detached principal dwelling unit per lot. These districts should be applied in areas where the land-use pattern is predominately single-family residential or where such a land use pattern is desired in the future. Five single-family residential districts are established-R-6 which are differentiated primarily on the basis of minimum lot area and setback requirements. New R-6 districts are generally located in an infill or redevelopment location where similar lot sizes are part of the original fabric of development. Additionally, R-6 districts should have a shared street network with and are generally located at least 500 to 1,000 ft from a CMU-1, CMU-2, CMU-3, or CBD district.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Senior
Infrastructure
Educational / school
Fire house
Police station
Recreation
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 110° expected this year, 21 days in 30 years
4/10 Wind Factor
16% chance of strong winds in next 30 years
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Memphis, TN • 38109
Average low and high temperatures (°F)
46
30
56
38
71
50
77
58
78
63
87
72
92
76
89
71
87
67
77
57
65
49
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
98/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 4% for direct sun exposure in Memphis. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.9 hrs
6.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1163 W Raines Rd
$35,118
$3,382 under list price of $39K
Nearby comparable homes
The Redfin Estimate uses 4 recent nearby sales, priced between $34K to $76K.