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    1516 Raines Rd Memphis, TN 38116

    Sponsored
    For Sale
    $150,000

    0.83 acres, excellent location, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 0.831-acre commercial land parcel presents a unique investment opportunity in Memphis, Tennessee. Located at 5516 E. Raines Road, this property boasts 136 feet of frontage on Raines Road, providing significant visibility and accessibility. The land is zoned EMP, allowing for light industrial uses, making it suitable for a variety of businesses. Its strategic location offers convenient access to major transportation arteries, including Highway 385 and the Mississippi state line. Furthermore, the property's proximity to Memphis International Airport (less than 7 miles) adds to its appeal. An adjacent parcel is also available for purchase, presenting the possibility of acquiring a larger contiguous land holding. This presents a compelling opportunity for developers or businesses seeking a well-situated property in a thriving area of Memphis. The asking price for this exceptional parcel is $150,000. The property is situated in Shelby County, Tennessee, with the address officially listed as 1516 E Raines Rd, Memphis, TN 38116. This is a rare opportunity to acquire a strategically located commercial land parcel in a rapidly developing area of Memphis.

    Property Features for 1516 Raines Rd

    General Information

    Property type
    Land
    Lot Size
    36,198 SF

    HighLights

    • 0.831‑acre commercial land parcel in Memphis, TN, priced at $150,000.
    • Located at 1516 E Raines Rd, Memphis, TN 38116, with 136 feet of frontage on Raines Road.
    • Zoned EMP, allowing for light industrial uses.
    • Convenient access to Highway 385, the Mississippi state line, and Memphis International Airport (under 7 miles).
    • Adjacent parcel available for purchase.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.013378
    Latitude
    35.0357899

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    FAQs

    What type of property is this?
    Land - 0.83 acres, excellent location, high visibility.
    Where is this land located?
    The property is located at 1516 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: 0.831-acre commercial land parcel in Memphis, TN, priced at $150,000.; Located at 1516 E Raines Rd, Memphis, TN 38116, with 136 feet of frontage on Raines Road.; Zoned EMP, allowing for light industrial uses.
    Request Owner's contact information
    1516 Raines Rd Memphis, TN 38116
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    Memphis, TN 38116
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1516 Raines Rd Memphis, TN 38116
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