New Raleigh Rd

236,095 / 5.42
Lot Size / Acres

Description

Discover an exceptional opportunity with this 5.42-acre wooded residential development tract, ideally situated for new housing in a high-growth area. Located less than one mile east of the brand new Nike distribution center and just 1.2 miles from the new Amazon distribution center, this property is perfectly positioned to meet the escalating demand for housing driven by recent new jobs. Zoned RU-2, this parcel is perfect for either single-family or multi-family development. Its gentle rolling topography...Discover an exceptional opportunity with this 5.42-acre wooded residential development tract, ideally situated for new housing in a high-growth area. Located less than one mile east of the brand new Nike distribution center and just 1.2 miles from the new Amazon distribution center, this property is perfectly positioned to meet the escalating demand for housing driven by recent new jobs. Zoned RU-2, this parcel is perfect for either single-family or multi-family development. Its gentle rolling topography provides ideal building sites. With 315 feet of direct road frontage on the four-laned Frayser Raleigh Road, the property has great visibility and easy access to public utilities, streamlining the development process. Capitalize on the strategic location, just minutes from Interstate 40, ensuring easy access to anywhere within the vibrant Memphis Metropolitan area. This is more than just land; it's an immediate opportunity to deliver much-needed housing stock to an expanding workfor
  1. Listed by William Patton • National Land Realty, LLC

Property Details for New Raleigh Road

Area
7340
MAAR Subdivision Name
Frayser Raleigh
Legal Subdivision Name
Taylor
Location
City
LISTING CLOSED: 10/01/2025 12:00 AM

Property Details for New Raleigh Road

StatusClosed
MLS #10201493
Days on Market57
Taxes$378 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeLand
MLS TypeLand / Land
Year Built-
Lot Size5.42 AC
CountyShelby County

Location

Listing Courtesy of National Land Realty, LLC

Sold By Crye-Leike, Inc., REALTORS

Add your commute

Building Information for New Raleigh Road

Lot Size5.42 AC

Payment Calculator

$275 per month

30 year fixed, 6.55% Interest

Principal and Interest

$244

Property Taxes

$32

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for New Raleigh Road

Summary
Location and General Information
  • Address: FRAYSER RALEIGH RD
  • Directions: From Interstate 40 in Memphis take Exit 6 onto N Warford St (New Allen Rd) and drive north for 2.5 miles and turn right on Frayser Raleigh Rd. Head east for 0.7 miles and the property is on the right.
  • Geo Match Code: 3
  • Geo Matched Method: 2
  • Geo Quality: .85
  • Geo Update Timestamp: 07-18-2025
  • Geo Zoom Level: 16.00
  • Map Coordinate: 0
  • MLS Map Num: Raleigh/Scenic Hills
  • Uses Of Adjacent Area: Church, Multi-Family, Residential
Taxes and HOA Information
  • LVT Date: 07-18-2025
Property
Lot Information
  • Lot Size: 5.42 acres
  • Acreage: 5.42
  • Improvements: Sidewalk
  • Lots Available: 1 Only
  • Present Usage: None/Vacant
  • Road Frontage: Paved
  • Shape: Regular
  • Topographic Feature: Rolling, Wooded
  • Zoning: RU-2
  • Zoning Of Adjacent Area: Multi-Family, Single Family
Property and Assessments
  • Legal: Recorded Subdivision
  • Service Type: Full Service Listing
Utilities
  • Utilities: Public Sewer, Public Water

Property History for New Raleigh Road

DateEvent & SourcePriceAppreciation
Oct 1, 2025

Sold

MAARMLS #10201493

$48,000—
Sep 12, 2025

Contract Signed

MAARMLS #10201493

—
Sep 9, 2025

Price Change

MAARMLS #10201493

$55,000—
DateEvent & SourcePrice
10/01/2025

Sold

MAARMLS #10201493

$48,000
09/12/2025

Contract Signed

MAARMLS #10201493

—
09/09/2025

Price Change

MAARMLS #10201493

$55,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near New Raleigh Road

This home is within Shelby County Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 6 to 12
Charter - K to 8
Rating
School
Distance
Scenic Hills Elementary School
PublicPK to 5

Raleigh Egypt Middle School
Public6 to 8

Raleigh Egypt High School
Public6 to 12

Leadership Preparatory Charter School
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of National Land Realty, LLC

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Services of MAAR and Central West Tennessee Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Compass are identified with the MAAR and Central West Tennessee Association of Realtors logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by MAAR and Central West Tennessee Association of Realtors. Listing information Copyright© 2026 MLS of MAAR and Central West Tennessee Association of Realtors, Inc. All Rights Reserved.