Listing Agency: Myers Commercial Real Estate

Listed By: Melanie Myers Bland · License #TN 288335

Source: Crexi

Added: Jul 5, 2024 Changed: Aug 23 Last Checked: Sep 2 at 7:40AM

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Investment Insights

Based on property information with market context.

This industrial land offers 136 feet of frontage on Raines Road. It is zoned EMP, light industrial. The property is located minutes from 385 Highway and the Mississippi border, and less than 7 miles from Memphis International Airport. An adjacent parcel is also for sale and both can be sold as a package.

Key Highlights

• 136’ of frontage on Raines Road
• Zoned EMP, light industrial
• Minutes from 385 Highway and Mississippi border

Property Analytics

Property Profile

Current Use

Industrial land

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Parking Lot & Garage Gym & Fitness Center Bakery

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

428

Businesses Nearby

Explore this area Business Placement

Demographics for 38116, TN

39,107

Population

18,526

Households

2.1

Avg Household Size

35

Median Age

21%

College-Educated

88%

High-School Grad

19.6 sq mi

ZIP Area

1,995

Density / Sq Mi

$44,663

Median Household Income

$31,593

Median Earnings

$1,035

Median Rent

$125,800

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

Questions? Ask Rey

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What type of property is this? Where is this industrial land located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Industrial land - Industrial land for sale with frontage on Raines Road.

Where is this industrial land located?

The property is located at 1516 E Raines Rd Memphis, TN.

What is the asking price?

The asking price for this property is $150,000.

What are key features of this property?

This property features: 136’ of frontage on Raines Road; Zoned EMP, light industrial; Minutes from 385 Highway and Mississippi border