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Residential Land in Gated Community
For Sale
$49,900

305 Nicolet Drive, Memphis, TN 38109

Build-ready residential lot within a gated community, offering 1.03 acres for a custom home.

Property SizeContact for details
Lot Size1.03 Acres
Days on Market370

Property Features for 305 Nicolet Drive

General Information

Standard status Active
Lot size 1.03 Acres
Property subtype Land / Land
Zoning RES

Taxes and HOA fees

Annual Taxes $719
Listing Agency: 4 Success Realty, LLC
Listed By: Lori Miller
Source: Compass
Added: Oct 26, 2025 Changed: Oct 28 Last Checked: Oct 28 at 11:27AM

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 4 Success Realty, LLC

Rey
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Investment Insights

Based on property information with market context.

This residential land offering is a 1.03-acre lot presented for building a custom home. The property is located within a gated community, with an emphasis on privacy and neighborhood-minded living.

The lot address is 305 Nicolet Drive in Memphis, Tennessee, 38109. Additional site specifics such as utilities, frontage, and driveway access are not provided in the available information.

Prospective buyers should confirm all building requirements and any community rules directly with the seller or the gated community management.

Key Highlights

  • 1.03‑acre build‑ready residential lot at 305 Nicolet
  • Located in a gated community
  • Opportunity to build a custom home with a focus on privacy and security

Property Analytics

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Suggested Use

Top Pick Restaurant Auto Repair Shop Law Firm Hair Salon Spa & Massage Center HVAC Service

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

33
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Build-ready residential lot within a gated community, offering 1.03 acres for a custom home.
Where is this residential land & home lot located?
The property is located at 305 Nicolet Drive Memphis, TN.
What is the asking price?
The asking price for this property is $49,900.
What are key features of this property?
This property features: 1.03‑acre build‑ready residential lot at 305 Nicolet; Located in a gated community; Opportunity to build a custom home with a focus on privacy and security
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