Discover an exceptional opportunity with this 5.42-acre wooded residential development tract, ideally situated for new housing in a high-growth area. Located less than one mile east of the brand new Nike distribution center and just 1.2 miles from the new Amazon distribution center, this property is perfectly positioned to meet the escalating demand for housing driven by recent new jobs. Zoned RU-2, this parcel is perfect for either single-family or multi-family development. Its gentle rolling topography provides ideal building sites. With 315 feet of direct road frontage on the four-laned Frayser Raleigh Road, the property has great visibility and easy access to public utilities, streamlining the development process. Capitalize on the strategic location, just minutes from Interstate 40, ensuring easy access to anywhere within the vibrant Memphis Metropolitan area. This is more than just land; it's an immediate opportunity to deliver much-needed housing stock to an expanding workfor
Vacant landProperty Type
5.42 acresLot Size
$8,200Price/Acres
Listed by William Patton• National Land Realty, LLC
Memphis Area Association of Realtors(R) MLS #10201493
Oct 1, 2025
Sold
$48,000
Sep 9, 2025
Price Changed
$55,000
Aug 28, 2025
Price Changed
$57,500
Jul 17, 2025
Listed
$67,750
Memphis Area Association of Realtors(R) MLS #10131733
Dec 30, 2022
Sold
$28,900
Aug 21, 2022
Listed
$32,900
The Price is for 2 lots 3.42 Acres and 1.34 Acres. Property sits next to North Star Community Church at 3966 Frayser- Raleigh Rd.
Memphis Area Association of Realtors(R) MLS #1
Sep 6, 2019
Price Changed
$38,900
May 7, 2019
Price Changed
$42,900
Memphis Area Association of Realtors(R) MLS #1408411
May 29, 2001
Sold
$13,500
Apr 19, 2001
Listed
$20,000
Year
Property tax
Land + Additions
Assessment*
2025
$90 (−9.3%)
$1,700
2024
$99 (+8.1%)
$1,700
2023
$91
$1,500
2022
$91 (−1.2%)
$1,500
2021
$92 (−15.0%)
$1,500
2020
$109
$1,500
2019
$109
$1,500
2018
$109 (+76.3%)
$1,500
2017
$62
$1,500
Tax history for Frayser Raleigh Rd
Year
Property tax
Land + Additions
Assessment*
2025
$90 (−9.3%)
$1,700
2024
$99 (+8.1%)
$1,700
2023
$91
$1,500
2022
$91 (−1.2%)
$1,500
2021
$92 (−15.0%)
$1,500
2020
$109
$1,500
2019
$109
$1,500
2018
$109 (+76.3%)
$1,500
2017
$62
$1,500
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
85 ft.
Lot depth
183 ft.
Lot size
0.36 Acres
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Vacant Land
County
Shelby County
APN
084002 00001
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
Property details
Exterior
Land Information
Acreage: 5.42
Topographic Feature: Rolling, Wooded
Shape: Regular
Road Frontage: Paved
Lot Information
Lot Size: 5.42 acres
Lots Available: 1 Only
Area: 7340
Improvements: Sidewalk
Zoning: RU-2
Zoning Of Adjacent Area: Single Family, Multi-Family
Uses Of Adjacent Area: Residential, Multi-Family, Church
Location: City
Legal: Recorded Subdivision
Property Information
Land
Financial
Tax Information
Annual City Tax: $185
Annual County Tax: $193
Financing
New Financing: Conventional
Utilities
Utility Information
Utilities: Public Sewer, Public Water
Location
Location Details
Directions: From Interstate 40 in Memphis take Exit 6 onto N Warford St (New Allen Rd) and drive north for 2.5 miles and turn right on Frayser Raleigh Rd. Head east for 0.7 miles and the property is on the right.
MAAR Subdivision Name: Frayser Raleigh
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 0.36 acres
Style: Vacant Land
Year Built: —
Year Renovated: —
County: Shelby County
APN: 084002 00001
Home facts updated by county records on Jul 14, 2026
Around this home
Schools
Scenic Hills Elementary School
Public PreK-5 • Assigned • 1.4mi
3/10
Raleigh Egypt High School
Public 6-12 • Assigned • 2.3mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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, 21 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
In this area, properties receive around 10.5 hours in
June and 4.7 hours in December, placing it above the
U.S. average for solar exposure.
10.5 hrs
4.7 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$43,000 – $52,000
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Property information provided by Memphis Area Association of Realtors(R) MLS when last listed in 2025. This data may not match public records. Learn more.