Discover a remarkable opportunity to acquire 20+ acres of prime land located just minutes away from Memphis Airport and FedEx World Hub, also offering easy access to railways and major highways. Ample space for various development possibilities, don’t miss this unique chance to own a substantial piece of land in Memphis.
Oakhaven, located between I-240 and the Memphis International Airport, is a residential and commercial Memphis neighborhood with mid-century ranch streetscapes and aviation-adjacent energy. The neighborhood’s character concentrates along the Elvis Presley Boulevard corridor near Shelby Drive, where auto shops, taquerias, barbershops, and small storefronts keep the sidewalks in motion. Housing trends toward brick one-stories with deep setbacks, punctuated by apartment communities and pocket churches. T.O. Fuller State Park frames the area with wooded trails and lake views. The airport and FedEx World Hub add a steady rhythm of planes and logistics traffic. Community touchstones include Graceland, the Stax Museum of American Soul Music, and the Memphis Botanic Garden.
Provided by Walk Score and Local Logic
Property details
Exterior
Finance
Exterior features
Approximately 20.24 acres
Level terrain
Regular-shaped parcel
Dirt road frontage
Located inside city limits
Recorded subdivision
Home design
Land property
Construction
No improvements on the parcel
Utilities
No utilities currently available
Financial info
Annual city tax of $195
Annual county tax of $2,073
Zoned RES (residential); adjacent areas include commercial, multi-family, and single-family zoning
Other
Parcel ID 07310200127
Directions: East on Shelby Drive from I-55; cross over Tchulahoma Road; land is to the left on Shelby Drive
MAAR subdivision reference: SS ARNOLD TO NS SHELBY DR
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10181858
Sep 23, 2024
Listed
$1,000,000
REALTRACS as Distributed by MLS Grid #3020812
Apr 26, 2024
Sold
$45,000
Located within Victory Heights subdivision, zoned R6 residential. Thus multiple single family housing units could be built on this 5.25 acre land. This fenced property has an established fruit orchard with trees and vines that are mostly 5-6 years old. Orchard has apple, peach, nectarine, plum, grape trees and persimmon trees. Also, muscadine and blackberries vines.
Memphis Area Association of Realtors(R) MLS #10167248
Apr 26, 2024
Sold
$45,000
Mar 6, 2024
Listed
$50,000
Located within Victory Heights subdivision, zoned R6 residential. Thus multiple single family housing units could be built on this 5.25 acre land. This fenced property has an established fruit orchard with trees and vines that are mostly 5-6 years old. Orchard has apple, peach, nectarine, plum, grape trees and persimmon trees. Also, muscadine and blackberries vines.
Memphis Area Association of Realtors(R) MLS #1
Oct 11, 2023
Price Changed
$76,000
Public Records
Jun 21, 2012
Sold
$114,525
Year
Property tax
Land + Additions
Assessment*
2025
$1,067 (−0.1%)
$20,250
2024
$1,068 (+8.1%)
$20,250
2023
$988
$16,225
2022
$988 (−1.2%)
$16,225
2021
$1,000 (−6.6%)
$16,225
2020
$1,071
$16,225
2019
$1,071 (+198.4%)
$14,775
2018
$359 (−40.9%)
$14,775
2017
$607
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
247 ft.
Lot depth
922 ft.
Lot size
5.24 Acres
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Vacant Land
County
Shelby County
APN
073088 00134
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
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
6/10 Heat Factor
6 days above 108° expected this year, 19 days in 30 years
4/10 Wind Factor
17% 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 • 38118
Average low and high temperatures (°F)
48
30
58
38
72
50
78
58
79
63
89
72
93
77
90
72
86
68
78
57
66
49
55
40
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
90/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.1 hrs
5.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 0 Arnold Rd
$878,460
$122K under list price of $1.00M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $45K to $215K.