5530 Raines Rd Memphis, TN 38115
- Commercial real estate
- 0.84 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 5530 Raines Rd
- Lot size
- 0.84 lot acres
- Property type
- Commercial real estate
Description
This exceptional 0.839-acre commercial land parcel, located at 5530 E. Raines Rd, Memphis, TN 38115, presents a compelling investment opportunity. Zoned EMP (light industrial), this property boasts 136 feet of frontage on Raines Road, providing excellent visibility and accessibility. Its strategic location offers convenient proximity to major transportation arteries, including Highway 385 and the Mississippi state line, placing it within a thriving commercial corridor. Furthermore, its less than seven-mile distance from Memphis International Airport enhances its logistical appeal. The property's potential uses are diverse, making it suitable for a variety of commercial ventures. An adjacent parcel is also available for purchase, presenting the possibility of acquiring a larger contiguous land holding. The asking price for this prime commercial land is $150,000. This represents a significant opportunity to acquire a well-situated property in a rapidly developing area of Memphis. Serious inquiries are encouraged.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.87899
- Latitude
- 35.035491
