Listing Agency: Gray Realty Partners

Listed By: Noah Gray · License #365309

Source: Crexi

Added: Aug 25 Changed: Aug 31 Last Checked: Aug 31 at 8:33AM

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Investment Insights

Based on property information with market context.

This industrial land offering consists of 178.22 acres organized across five contiguous parcels and conveyed together. The property carries IH zoning and includes a 143.330-acre primary tract, supported by four adjoining infill parcels that provide additional configuration flexibility.

The assemblage fronts W Raines Road within the Raines Corridor in southwest Memphis, Shelby County. Its scale and parcel arrangement support evaluation by a single industrial user or a developer seeking a larger land position.

Key Highlights

• 178.22‑acre industrial land assemblage
• IH zoning
• Five contiguous parcels sold together

Property Analytics

Property Profile

Current Use

Industrial land

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop Grocery & Convenience Store (Bike/Boat/Book/etc) Store Clothing & Fashion 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

21

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

Market

Vacancy Rate% for Industrial in Memphis, TN

5.5% 2019

6.3% 2020

4.8% 2021

4.5% 2022

7.4% 2023

8.8% 2024

8.5% 2025

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Frequently Asked Questions

What type of property is this?

Industrial land - Five-parcel industrial land assemblage with IH zoning and a contiguous configuration.

Where is this industrial land located?

The property is located at 1502 West Raines Road Memphis, TN.

What is the asking price?

The asking price for this property is $3,000,000.

What are key features of this property?

This property features: 178.22‑acre industrial land assemblage; IH zoning; Five contiguous parcels sold together