15 acres within Memphis! Perfect investment opportunity for builders! Access to land through neighborhood. Convenient location with easy access to shopping, dining, and major roadways. Buyer to verify lot size, utilities, zoning, and any building requirements.
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
Wooded topography
Easements on the property
Stream/creek on the property
Exterior features
Approximately 15.09 acres
Regular-shaped parcel
City/subdivision location
Parcel in an unrecorded subdivision
Adjacent to park and single-family zoned areas
Road frontage (see remarks)
Directions: From Stage Rd and Covington Pike travel west on Stage Rd, turn left onto Coleman Rd (becomes Raleigh-Lagrange Rd); parcel is on the left before passing Devreux Dr.
Home design
Land (vacant)
Construction
No improvements on the lot
Utilities
No utilities available
Financial info
Zoned residential
Other
Parcel ID: 088032 00107
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10223415
Jun 8, 2026
Listed
$200,000
Year
Property tax
Land + Additions
Assessment*
2025
$303 (+68.9%)
$5,750
2024
$179 (+8.1%)
$5,750
2023
$166
$2,725
2022
$166 (−1.2%)
$2,725
2021
$168 (−14.9%)
$2,725
2020
$197
$2,725
2019
$197
$2,725
2018
$197 (+76.3%)
$2,725
2017
$112
$2,725
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
15.1 Acres
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Vacant Land
County
Shelby County
APN
088032 00107
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 14, 2026.
RU-2
Residential Urban-2 District
Residential development in the RU-2 District allows a variety of housing types including single-family detached (conventional, side yard house, Cottage), single-family attached (semi-attached, two-family, townhouse), and multifamily (large home, stacked townhouse). New RU-2 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 or are least 500 to 1,000 ft from an arterial.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Single unit
Housing-Multiple units
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, 21 days in 30 years
4/10 Wind Factor
15% chance of strong winds in next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 5 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
90
71
85
66
77
55
65
48
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
26/ 100
Low sunlight
Sunscore
There appears to be significant shading by surrounding buildings, terrain, and vegetation.
2.4 hrs
1.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 0 Raleigh-lagrange Rd
$180,424
$20K under list price of $200K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $164K to $235K.
Local rules require you to be signed in2885 Kenneth Dr, Memphis, TN 38128