Crye-Leike Commercial is proud to present this exceptional opportunity to acquire over 56 acres on Old Raleigh Millington Rd near by New Allen Road. This unique property is currently home of long established carriage company and includes multiple horse barns with 88 Stalls and many horses on site. The seller is open to subdividing and selling portions of the land, offering flexibility for a variety of buyers and development vision.
Raleigh, located between Frayser and Bartlett, is a residential and commercial Memphis neighborhood with a broad suburban street grid and long-established civic corridors. The neighborhood’s character concentrates around the Austin Peay Highway and Covington Pike crossroads, where auto shops, local eateries, and everyday retail line wide lanes and big parking lots. The Raleigh Springs Civic Center and Library acts as a community anchor with public programs and meeting space. The Bartlett Performing Arts and Conference Center and Davies Manor Historic Site sit nearby as cultural touchpoints tied to the area’s history and arts calendar. Housing ranges from mid-century ranches to newer subdivisions, with mature trees and deep setbacks shaping the streetscape. Green space and recreation cluster around nearby parks and sports fields, giving the area a practical, outdoors-forward rhythm.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Barn on-site
Concrete slab/pad present
Exterior features
56.07-acre wooded parcel
Natural drainage
Portion requires fill
Stocked pond/lake
Fenced
Corner city lot
Deep/irregular-shaped lot
Dirt private road frontage
Home design
Property listed as land
Construction
Barn structure
Concrete slab/pad
Utilities
Public water available
Electricity available
Financial info
Conventional financing available
Electricity and solar
View estimated energy costs and solar savings for this home
Sale and tax history for 4800 Old Raleigh Millington Rd
Sale History
Tax History
Date
Event
Price
Memphis Area Association of Realtors(R) MLS #10231459
Sep 1, 2026
Listed
$829,900
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
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Total Sq. Ft.
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Style
Vacant Land
County
Shelby County
APN
090002 00008
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Last updated by owner on Nov 22, 2025.
R-8
Residential Single-Family-8 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-8 which are differentiated primarily on the basis of minimum lot area and setback requirements. New R-8 districts are generally located at least 1,000 to 1,500 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, 20 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 • 38128
Average low and high temperatures (°F)
46
29
57
36
71
50
78
58
79
62
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72
93
76
89
70
87
66
77
55
65
48
54
39
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Sun exposure
100/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 1% for direct sun exposure in Memphis. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.9 hrs
6.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 4800 Old Raleigh Millington Rd
$834,143
$4,243 over list price of $830K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $134K to $230K.