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Vacant Lot in Frayser Neighborhood
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2492 SMITH RIDGE Rd lot 37, Memphis, TN 38127

Land, Memphis, TN

Property SizeContact for details
Lot Size0.16 Acres
Days on Market194

Property Features for 2492 SMITH RIDGE Rd lot 37

General Information

Property type Land
Property subtype Other
Zoning R-6
Subdivision RIDGEGROVE RE A
Standard status Active
Lot size 0.16 Acres

Taxes and HOA fees

Tax Annual Amount 37
Listing Agency: Keller Williams · Keller Williams Realty
Listed By: Rebecca Edwards · License #326080
Added: Feb 16 Changed: Aug 19 Last Checked: Aug 29 at 8:06PM
MLS# 10214763

Copyright © 2026 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This vacant lot, approximately 0.16 acres, is located in the Frayser neighborhood of Memphis, Tennessee. The property is situated in an established area with signs of revitalization, including new construction completed in 2023 next door. The R-6 zoning allows for residential development. The lot offers convenient access to major roads and proximity to parks, schools, shopping, and the city center. This property presents an opportunity for homeownership or investment, with potential for building a starter home, family residence, or rental property.

Key Highlights

  • Vacant lot ready for immediate construction in a revitalizing neighborhood.
  • Located next to a new construction home completed in 2023, indicating rising property values.
  • Approximately 0.16 acre lot suitable for various home types.

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Real Estate Agency Hair Salon Auto Repair Shop Restaurant Nail Salon Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

27
Businesses Nearby

Demographics for 38127, TN

40,679
Population
17,560
Households
2.3
Avg Household Size
33
Median Age
11%
College-Educated
83%
High-School Grad
37.8 sq mi
ZIP Area
1,076
Density / Sq Mi
$37,768
Median Household Income
$31,790
Median Earnings
$1,104
Median Rent
$82,500
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Land - 0.16 acre vacant lot in up-and-coming Frayser neighborhood.
Where is this land located?
The property is located at 2492 SMITH RIDGE Rd lot 37 Memphis, TN.
What are key features of this property?
This property features: Vacant lot ready for immediate construction in a revitalizing neighborhood.; Located next to a new construction home completed in 2023, indicating rising property values.; Approximately 0.16 acre lot suitable for various home types.
More about this property
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