Prime opportunity in Memphis! This . 717-acre corner lot at 707 Craft Road offers excellent visibility and access—perfect for a variety of potential uses. Zoned for residential or possible commercial development (buyer to verify), this spacious parcel is ideal for a custom home, duplex, small business, or even a community-focused project like a daycare or place of worship. Located in an established area with nearby schools, shopping, and major roads, this lot provides both convenience and flexibility. Don’t miss your chance to own a versatile piece of land in a growing part of Memphis—bring your vision and make it happen!
Vacant landProperty Type
0.71 acresLot Size
$56,338Price/Acres
Listed by Romond McClinton• Crye-Leike, Inc., REALTORS
Memphis Area Association of Realtors(R) MLS #10196244
May 11, 2026
Price Changed
$40,000
May 8, 2025
Listed
$100,000
Public Records
Feb 3, 2022
Sold
$45,000
REALTRACS as Distributed by MLS Grid #3008666
Feb 2, 2022
Sold
$25,000
Here’s your opportunity to build your home in a established neighborhood. It is no longer .77. Survey has been done to divide the lot into 2 parcels. There are also 2 more lots behind this one on Eugene available as well. Just sold one other one on Eugene with plans for building. Several new construction projects in this area is coming very soon. Owner/Agent
Memphis Area Association of Realtors(R) MLS #10115658
Feb 2, 2022
Sold
$25,000
Oct 1, 2021
Listed
$20,000
Here’s your opportunity to build your home in a established neighborhood. It is no longer . 77. Survey has been done to divide the lot into 2 parcels. There are also 2 more lots behind this one on Eugene available as well. Just sold one other one on Eugene with plans for building. Several new construction projects in this area is coming very soon. Owner/Agent
Memphis Area Association of Realtors(R) MLS #1
Nov 5, 2021
Price Changed
$20,000
Public Records
Apr 15, 2019
Sold
$15,200
Year
Property tax
Land + Additions
Assessment*
2025
$266 (+2.3%)
$5,050
2024
$260 (+8.1%)
$5,050
2023
$241
$3,950
2022
$241 (−1.2%)
$3,950
2021
$243 (−14.9%)
$3,950
2020
$286
$3,950
2019
$286
$3,950
2018
$286 (+76.3%)
$3,950
2017
$162
$3,950
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
85 ft.
Lot depth
203 ft.
Lot size
0.72 Acres
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Vacant Land
County
Shelby County
APN
077031 00001
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 16, 2026.
R-10
Residential Single-Family-10 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. 5 single-family residential districts are established-R-10 which are differentiated primarily on the basis of minimum lot area and setback requirements.; New R-10 districts are generally located at least 1,500 to 2,000 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
6 days above 109° expected this year, 19 days in 30 years
4/10 Wind Factor
19% 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 • 38116
Average low and high temperatures (°F)
47
30
57
38
71
50
77
58
79
63
88
72
92
76
90
72
85
68
77
57
65
49
54
40
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.
9.5 hrs
6.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 707 Craft Rd
$40,624
$624 over list price of $40K
Nearby comparable homes
The Redfin Estimate uses 5 recent nearby sales, priced between $139K to $172K.