Residential Development Land
For Sale
$350,000
RALEIGH-MILLINGTON Rd, Memphis, TN 38128
Land, Memphis, TN
Property SizeContact for details
Lot Size15.02 Acres
Days on Market409
Property Features for RALEIGH-MILLINGTON Rd
General Information
Property type
Land
Property subtype
Other
Zoning
RU-2
Standard status
Active
Lot size
15.02 Acres
Taxes and HOA fees
Tax Annual Amount
806
Listing Agency:
Renshaw Company, REALTORS
(901) 820-4367
Listed By:
Crystal Mitchell · License #346815
(901) 864-2650
Added: Jul 18, 2025
Changed: Aug 23
Last Checked: Aug 30 at 12:06PM
MLS# 10201564
Copyright © 2026 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 15.02-acre parcel, located in Memphis, TN, is zoned RU-2 and presents a development opportunity. Preliminary planning is in place for a 90-townhome development, with over $50,000 already invested in initial engineering work. The site is well-positioned for residential development. Timber harvest is scheduled to prepare the land for construction. Utilities and infrastructure are accessible nearby, enhancing the feasibility of development. This partially prepped site offers strong development potential for builders and developers.
Key Highlights
- 15‑acre parcel primed for a 90‑townhome development.
- Preliminary planning already in place.
- Over $50,000 invested in initial engineering.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
327
Businesses Nearby
Explore this area
Business Placement
Demographics for 38128, TN
43,197
Population
18,388
Households
2.3
Avg Household Size
32
Median Age
15%
College-Educated
85%
High-School Grad
23.6 sq mi
ZIP Area
1,830
Density / Sq Mi
$43,166
Median Household Income
$32,429
Median Earnings
$1,150
Median Rent
$123,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Land - 15-acre parcel primed for 90-townhome development in Memphis.
Where is this land located?
The property is located at RALEIGH-MILLINGTON Rd Memphis, TN.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 15‑acre parcel primed for a 90‑townhome development.; Preliminary planning already in place.; Over $50,000 invested in initial engineering.
