Sold for $48,000 on 10/01/25
$48,000
Frayser Raleigh Rd, Memphis, TN 38128
--beds
--baths
5.42Acres
Unimproved Land
Built in ----
5.42 Acres Lot
$-- Zestimate®
$--/sqft
$1,239 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,239/mo
Zestimate® history
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Owner options
Explore your selling options
What's special
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
Zillow last checked: 8 hours ago
Listing updated: October 01, 2025 at 02:26pm
Listed by:
William T Patton,
National Land Realty, LLC
Bought with:
Kim Lewis
Crye-Leike, Inc., REALTORS
Source: MAAR,MLS#: 10201493
Facts & features
Property
Lot
- Size: 5.42 Acres
- Dimensions: 5.42 acres
- Features: Sidewalk, City Lot, Regular
- Topography: Rolling,Wooded
Details
- Parcel number: 08401000353
- Zoning: RU-2
- Zoning description: Adjacent Area: Single Family,Multi-Family
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Memphis
- Subdivision: Taylor
Other
Other facts
- Listing terms: Conventional,Will Not Divide
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 10/1/2025 | Sold | $48,000-12.7% |
Source: | ||
| 9/15/2025 | Pending sale | $55,000 |
Source: | ||
| 9/9/2025 | Price change | $55,000-4.3% |
Source: | ||
| 8/28/2025 | Price change | $57,500-15.1% |
Source: | ||
| 7/18/2025 | Listed for sale | $67,750 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $280 +8.1% | $4,250 |
| 2023 | $259 | $4,250 |
| 2022 | -- | $4,250 |
Find assessor info on the county website
Neighborhood: Raleigh
Nearby schools
GreatSchools rating
- 3/10Scenic Hills Elementary SchoolGrades: PK-5Distance: 1.7 mi
- 4/10Raleigh Egypt High SchoolGrades: 6-12Distance: 1.5 mi



