Listing Agency: Sowell, Realtors l***@sowellrealtors.com Show Phone

Listed By: Linda Sowell Show Phone

Source: Compass

Added: Nov 15, 2025 Changed: Aug 8 Last Checked: Aug 29 at 3:02PM

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Investment Insights

Based on property information with market context.

This offering is residential land presented as a development opportunity, with the option to build a home on a level parcel. The lot includes some trees and is being offered as one of two available lots.

Located at 3545 Walnut Grove Road in Memphis, Tennessee, the property is suitable for buyers seeking a straightforward site with natural landscaping elements.

As presented, the land’s key characteristics are its level grade and partial tree cover, which may be useful for site planning and preserving existing features during development.

Key Highlights

• Level lot with some trees
• Offered as one of two available parcels for residential development

Property Analytics

Property Profile

Current Use

Residential land & home ...

Suggested Use

Top Pick Real Estate Agency Building Supply Auto Parts Store Auto Repair Shop HVAC Service Kitchen & Bath Showroom

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

713

Businesses Nearby

Explore this area Business Placement

Demographics for 38111, TN

40,533

Population

20,084

Households

2

Avg Household Size

34

Median Age

38%

College-Educated

89%

High-School Grad

9.8 sq mi

ZIP Area

4,136

Density / Sq Mi

$52,806

Median Household Income

$33,449

Median Earnings

$1,077

Median Rent

$165,200

Median Home Value

Questions? Ask Rey

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What type of property is this? Where is this residential land & home lots 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?

Residential land & home lot - A level lot with some trees, offered as one of two available parcels for residential development.

Where is this residential land & home lot located?

The property is located at 3545 Walnut Grove Road Memphis, TN.

What is the asking price?

The asking price for this property is $199,000.

What are key features of this property?

This property features: Level lot with some trees; Offered as one of two available parcels for residential development