Bring your vision to life with this residential lot located at 2956 Peggy Road, Memphis, TN 38128. Whether you're looking to build your dream home, develop your next investment property, or expand your real estate portfolio, this property offers an excellent opportunity to bring your plans to life. Situated on approximately 0.516 acres, this generously sized lot provides plenty of room to create the home or investment property you've envisioned. Located in an established Memphis neighborhood, it offers endless potential for builders, investors, or future homeowners ready to make the most of this versatile property. Don't miss the opportunity to turn your vision into reality!
Carver Heights & Foxcraft, located between Summer Avenue and I-40, is a residential and commercial Memphis neighborhood with mid-century ranch homes and a corridor of long-running local storefronts. The neighborhood’s energy concentrates along Summer Avenue near White Station Road, where taquerias, international groceries, repair shops, and neon-signed diners set a busy, lived-in tone. Nearby pillars include the Summer Avenue drive-in at Summer Drive-In, the stage at Theatre Memphis, and the lanes at Billy Hardwick’s All Star Lanes. Streets tend toward wide lots, mature trees, and brick facades, with pockets of apartments and small offices along the main roads. Green space and recreation cluster around the Memphis Botanic Garden and Audubon Park, while the commercial strip keeps daily errands close to home.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Interior features
Recorded subdivision
Exterior features
Regular-shaped lot
Topography: Other (see remarks)
Road frontage: Other (see remarks)
Lot dimensions approximately 75 x 300
Lot area approximately 0.52 acre
No on-site utilities listed
Directions: From I-240 E, merge onto I-40 W and take Exit 6 for Warford St. Continue on Warford St to New Allen Rd. Turn left onto Frayser Blvd, then left onto Warford St. Turn right onto Peggy Rd. Lot will be on the right.
Home design
Property type: Land
Subdivision: Roberts Dilates & Cranes
Construction
No improvements listed / vacant land
Utilities
No utilities listed
Sale and tax history for 2956 Peggy Rd
Sale History
Tax History
Date
Event
Price
Memphis Area Association of Realtors(R) MLS #10225189
Sep 9, 2026
Price Changed
$15,000
Jun 27, 2026
Listed
$19,900
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
100 ft.
Lot depth
170 ft.
Lot size
—
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Vacant Land
County
Shelby County
APN
084001 00018
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 1, 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, 20 days in 30 years
4/10 Wind Factor
17% 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 • 38128
Average low and high temperatures (°F)
46
29
57
36
71
50
78
58
79
62
89
72
93
76
89
70
85
66
77
55
65
48
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
96/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 8% for direct sun exposure in Memphis. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.6 hrs
6.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2956 Peggy Rd
$13,291
$1,709 under list price of $15K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $48K to $80K.