Development Opportunity on 3.31
For Sale
$51,900
1163 West Raines Road, Memphis, TN 38109
3.31 acres with direct access to Main Street.
Property SizeContact for details
Lot Size3.31 Acres
Days on Market142
Property Features for 1163 West Raines Road
General Information
Standard status
Active
Lot size
3.31 Acres
Property subtype
Land / Land
Zoning
R-6 Re
Taxes and HOA fees
Annual Taxes
$229
Listing Agency:
eXp Realty, LLC
(901) 691-2722
Listed By:
Terrance Hill
(901) 691-2722
Source:
Compass
Added: Apr 4
Changed: Aug 8
Last Checked: Jul 16 at 6:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty, LLC
Investment Insights
Based on property information with market context.
This 3.31-acre parcel presents a development opportunity with direct access to Main Street. The approximate lot dimensions are 300 x 400, providing ample space and flexibility. The property's features make it suitable for residential development or a custom private estate. It is especially attractive for builders, investors, or buyers looking to create something with long-term value. This tract offers a solid foundation and visibility.
Key Highlights
- 3.31 Acres of Land: Ample space for development
- Direct Access to Main Street: Offers excellent visibility
- Development Potential: Suitable for residential projects
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
60
Businesses Nearby
Explore this area
Business Placement
Demographics for 38109, TN
42,437
Population
18,881
Households
2.2
Avg Household Size
40
Median Age
14%
College-Educated
87%
High-School Grad
59.7 sq mi
ZIP Area
711
Density / Sq Mi
$36,934
Median Household Income
$30,780
Median Earnings
$1,000
Median Rent
$76,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 3.31 acres with direct access to Main Street.
Where is this residential land & home lot located?
The property is located at 1163 West Raines Road Memphis, TN.
What is the asking price?
The asking price for this property is $51,900.
What are key features of this property?
This property features: 3.31 Acres of Land: Ample space for development; Direct Access to Main Street: Offers excellent visibility; Development Potential: Suitable for residential projects
