Prime 15-acre parcel with preliminary planning in place for a 90-townhome development. Over $50,000 has already been invested in initial engineering work. The site is well-positioned for residential development, with timber harvest scheduled to prepare the land for construction. Utilities and infrastructure are accessible nearby. This is a rare opportunity for builders and developers to acquire a partially prepped site with strong development potential.
Vacant landProperty Type
15.02 acresLot Size
$23,302Price/Acres
Listed by Crystal Mitchell• Renshaw Company, REALTORS
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
Exterior
Finance
Exterior features
Paved road frontage
Topography and shape described as 'Other (See Remarks)'
No known subdivision
Home design
Land property
Construction
Zoned RU-2
Utilities
Utilities described as 'Other (See Remarks)'
Financial info
Annual city tax approximately $760
Annual county tax approximately $806
Other
Parcel ID 090026 00011
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10201564
Jul 18, 2025
Listed
$350,000
Memphis Area Association of Realtors(R) MLS #10112755
Jan 3, 2022
Sold
$75,000
Nov 15, 2021
Listed
$89,000
HUGE timber on the land ready to be logged. 15+/- acres with lots of potential. New construction in the area. Seller is motivated to make a deal.
Memphis Area Association of Realtors(R) MLS #10071746
Dec 21, 2020
Sold
$46,375
Jul 15, 2020
Price Changed
$59,000
Jan 6, 2020
Listed
$72,000
15 acres, mainly wooded, in Shelby county with road access on Raleigh Millington. Property is located close to Egypt Central and Bolen Huse. Great place to build with easy access to Memphis area.
Year
Property tax
Land + Additions
Assessment*
2025
$1,316 (−15.9%)
$24,975
2024
$1,566 (+8.1%)
$24,975
2023
$1,448
$23,775
2022
$1,448 (−1.2%)
$23,775
2021
$1,465 (−14.9%)
$23,775
2020
$1,723
$23,775
2019
$1,723
$23,775
2018
$1,723 (+76.3%)
$23,775
2017
$977
$23,775
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
15.03 Acres
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Vacant Land
County
Shelby County
APN
090026 00011
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 4, 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
6 days above 110° expected this year, 19 days in 30 years
4/10 Wind Factor
16% 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
89
70
85
66
77
55
65
48
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
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 0 Raleigh-millington Rd
$306,015
$44K under list price of $350K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $94K to $150K.