This prime vacant lot is your golden ticket to homeownership or smart investing in the up-and-coming Frayser neighborhood! Priced to move, this spacious parcel of approximately 0.16 acres delivers a ready-to-build foundation in an established area showing real momentum. Right next door? A stunning new construction home completed in 2023, signaling fresh energy, rising values, and proof that builders and buyers are betting big on this community's future. Picture your dream home rising here: a cozy starter, a spacious family retreat, or a high-demand rental to cash in on the revitalization wave sweeping North Memphis. Enjoy convenient access to major roads, proximity to parks, schools, shopping, and the vibrant heartbeat of the city just minutes away. With low entry barriers, strong signs of neighborhood growth, and that brand-new neighbor showcasing what's possible, this lot screams opportunity for the forward-thinking buyer or investor.
Frayser, located between the Mississippi River bluffs and the Wolf River Greenway, is a residential and commercial Memphis neighborhood with broad ranch-style streetscapes and big-sky parkland. The neighborhood’s character concentrates around the busy North Watkins Street and Frayser Boulevard corridor, where barbershops, taquerias, auto shops, and local markets set a steady, everyday rhythm. Mid-century brick homes and tidy postwar subdivisions mix with older pockets near the river-facing edges. Meeman-Shelby Forest State Park frames the northwest with trails, boat ramps, and long views. The Frayser Branch Library and Ed Rice Community Center anchor civic life with programs and courts. Shopping and errands cluster along major arterials, keeping the layout practical and car-friendly.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Level, wooded land surrounding the property
Located in a recorded subdivision
Exterior features
Paved road frontage
Regular-shaped lot
Subdivision setting
No on-site improvements noted
Home design
Land parcel (vacant lot)
Zoned R-6
Adjacent zoning: single-family
Parking
Street access via paved roadway
Construction
Recorded subdivision lot
Lot dimensions approximately 65 x 136
Utilities
Electricity available
Natural gas available
Telephone service available
Public water
Public sewer
Other
Parcel ID: 071058 00013
Lot number 37
Approximately 0.16 acres
Directions: From Hawkins Mill, head north on Aline. Turn right on Smith Ridge. Lot will be on the left just before Smith Ridge Cove.
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10214763
Feb 16, 2026
Listed
$6,500
REALTRACS as Distributed by MLS Grid #3049341
Nov 21, 2025
Listed
$5,000
Nov 21, 2025
Listing Removed
—
Memphis Area Association of Realtors(R) MLS #1
Oct 18, 2025
Price Changed
$5,000
Aug 13, 2025
Price Changed
$7,000
May 29, 2025
Price Changed
$8,000
REALTRACS as Distributed by MLS Grid #3021947
Jun 30, 2023
Sold
$3,200
Memphis Area Association of Realtors(R) MLS #10139439
Jun 30, 2023
Sold
$3,200
Jan 19, 2023
Price Changed
$4,500
Dec 22, 2022
Listed
$5,000
Public Records
Aug 27, 1998
Sold
$28,000
Public Records
Feb 14, 1990
Sold
$6,500
Public Records
Aug 19, 1988
Sold
$15,500
Year
Property tax
Land + Additions
Assessment*
2025
$72 (−12.0%)
$1,375
2024
$82 (+8.1%)
$1,375
2023
$76
$1,250
2022
$76 (+488.4%)
$1,250
2021
$13 (−85.7%)
$1,250
2020
$91
2019
$91
$1,250
2018
$91 (+76.3%)
$1,250
2017
$51
$1,250
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
65 ft.
Lot depth
136 ft.
Lot size
7,367 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Vacant Land
County
Shelby County
APN
071058 00013
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 109° expected this year, 21 days in 30 years
4/10 Wind Factor
15% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Memphis, TN • 38127
Average low and high temperatures (°F)
46
29
56
37
70
50
76
58
78
62
87
71
92
76
91
70
85
66
77
55
65
48
53
38
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
96/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.6 hrs
6.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2492 Smith Ridge Rd
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