NEW PRICE Reduce $30,000 Prime 1.23-acre commercial vacant lot with strong mixed-use potential, ideally located next to an established shopping center. This high-visibility site offers excellent daily traffic exposure and is well-suited for retail, office, medical, or service-based development (subject to zoning approval). To help visualize its potential, virtual concept staging images are included, showcasing possible development ideas for the site. The level parcel allows for flexible site planning, parking, and future expansion. Convenient access to major roads and surrounded by growing residential and commercial activity. Utilities are available nearby (buyer to verify). A rare opportunity in a strong commercial corridor—explore the possibilities this site offers.
Lot/land
Price cut: $30K (4/25)
$119,900
3536 Raleigh Millington Rd, Memphis, TN 38128
--beds
--baths
1.23Acres
Unimproved Land
Built in ----
1.23 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Level parcelHigh-visibility siteExcellent daily traffic exposure
- 26 days |
- 74 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
David N Truong,
eXp Realty, LLC 888-519-5113
Source: MAAR,MLS#: 10219575
Facts & features
Property
Lot
- Size: 1.23 Acres
- Dimensions: 163 x 322
- Features: City Lot, Regular
- Topography: Level
Details
- Parcel number: 086037 00004
- Zoning: COMM
- Zoning description: Adjacent Area: Commercial
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: Not In Subdivision
Location
- Region: Memphis
Financial & listing details
- Tax assessed value: $15,000
- Annual tax amount: $198
- Date on market: 4/18/2026
- Cumulative days on market: 30 days
Estimated market value
Not available
Estimated sales range
Not available
$2,758/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/25/2026 | Price change | $119,900-20% |
Source:  MAAR #10219575 Report a problem | ||
| 4/18/2026 | Listed for sale | $149,900 |
Source: MAAR #10219575 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $198 +3.5% | $3,750 +29.3% |
| 2024 | $191 +8.1% | $2,900 |
| 2023 | $177 | $2,900 |
| 2022 | -- | $2,900 |
| 2021 | -- | $2,900 |
| 2020 | $93 | $2,900 |
| 2019 | $93 -21.1% | $2,900 |
| 2018 | $117 -45.1% | $2,900 |
| 2017 | $214 +117.1% | $2,900 |
| 2016 | $99 -69.6% | $2,900 |
| 2014 | $324 | $2,900 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Raleigh
Nearby schools
GreatSchools rating
- 3/10Scenic Hills Elementary SchoolGrades: PK-5Distance: 1.7 mi
- 4/10Raleigh Egypt High SchoolGrades: 6-12Distance: 1.3 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Tennessee
- Shelby County
- Memphis
- 38128
- Raleigh
- 3536 Raleigh Millington Rd
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