This 1.23± acre commercial lot in Memphis, TN offers high visibility in an active area with commercial and residential neighbors on all sides. Zoned CMU-1 (commercial mixed use), it suits retail, service, professional office, or restaurant use, subject to zoning approval. The site sits beside an existing retail shopping center with steady customer traffic, with exposure to Raleigh Millington Road and Yale Road. Convenient access to Austin Peay Highway and Interstate 40 makes it easy to reach for shoppers, commuters, and staff. The level parcel provides room for a building, ample parking, and site access, keeping site planning straightforward. Surrounding neighborhoods provide an established customer base. Contact our team today for details or to schedule a showing.
Details
MLS #
10232647
Listing Type
For Sale
Sub-Type
Resale
Status
Active
Days On Site
20
Listing Provided By
National Land Realty, LLC | William Patton
Features
Zoning
CMU-1
Acreage
1.23
Utilities
Utilities
Electricity, Natural Gas, Public Sewer, Public Water
Area Information
State
TN
County
Shelby
City
Memphis
Zip Code
38128
Area
Egypt Central
Subarea
731N
Listing VS Median (in 38128)
Price: $89,000
low | high
Med: $0
On site: 20
low | high
Med:
Sourced by Back At You
Market Activity 38128
Date
Sales
Avg $ Per SqFt
Min Sale Price
Max Sale Price
Med Sale Price
Date: Oct 2026
Sales: 1
Avg $ Per SqFt: $
Min Sale Price: $94,000
Max Sale Price: $94,000
Med Sale Price: $94,000
Date: Sep 2026
Sales: 3
Avg $ Per SqFt: $
Min Sale Price: $136,000
Max Sale Price: $269,900
Med Sale Price: $175,000
Date: Aug 2026
Sales: 18
Avg $ Per SqFt: $
Min Sale Price: $59,900
Max Sale Price: $245,000
Med Sale Price: $157,400
Date: Jul 2026
Sales: 18
Avg $ Per SqFt: $
Min Sale Price: $75,000
Max Sale Price: $205,000
Med Sale Price: $152,000
Date: Jun 2026
Sales: 19
Avg $ Per SqFt: $
Min Sale Price: $65,000
Max Sale Price: $280,000
Med Sale Price: $145,000
Date: May 2026
Sales: 29
Avg $ Per SqFt: $
Min Sale Price: $50,000
Max Sale Price: $390,000
Med Sale Price: $126,000
Date: Apr 2026
Sales: 29
Avg $ Per SqFt: $
Min Sale Price: $50,000
Max Sale Price: $255,000
Med Sale Price: $109,000
Date: Mar 2026
Sales: 39
Avg $ Per SqFt: $
Min Sale Price: $58,000
Max Sale Price: $1,299,000
Med Sale Price: $132,000
Date: Feb 2026
Sales: 18
Avg $ Per SqFt: $
Min Sale Price: $53,500
Max Sale Price: $265,000
Med Sale Price: $175,500
Date: Jan 2026
Sales: 25
Avg $ Per SqFt: $85.16
Min Sale Price: $8,000
Max Sale Price: $340,000
Med Sale Price: $119,500
Date: Dec 2025
Sales: 19
Avg $ Per SqFt: $96.79
Min Sale Price: $80,000
Max Sale Price: $210,000
Med Sale Price: $120,000
Date: Nov 2025
Sales: 18
Avg $ Per SqFt: $89.93
Min Sale Price: $40,000
Max Sale Price: $364,900
Med Sale Price: $176,050
Sourced by Back At You
Oct 2026
Sales:
1
Avg $ Per SqFt:
$
Min Sale Price:
$94,000
Max Sale Price:
$94,000
Med Sale Price:
$94,000
Sep 2026
Sales:
3
Avg $ Per SqFt:
$
Min Sale Price:
$136,000
Max Sale Price:
$269,900
Med Sale Price:
$175,000
Aug 2026
Sales:
18
Avg $ Per SqFt:
$
Min Sale Price:
$59,900
Max Sale Price:
$245,000
Med Sale Price:
$157,400
Jul 2026
Sales:
18
Avg $ Per SqFt:
$
Min Sale Price:
$75,000
Max Sale Price:
$205,000
Med Sale Price:
$152,000
Jun 2026
Sales:
19
Avg $ Per SqFt:
$
Min Sale Price:
$65,000
Max Sale Price:
$280,000
Med Sale Price:
$145,000
May 2026
Sales:
29
Avg $ Per SqFt:
$
Min Sale Price:
$50,000
Max Sale Price:
$390,000
Med Sale Price:
$126,000
Apr 2026
Sales:
29
Avg $ Per SqFt:
$
Min Sale Price:
$50,000
Max Sale Price:
$255,000
Med Sale Price:
$109,000
Mar 2026
Sales:
39
Avg $ Per SqFt:
$
Min Sale Price:
$58,000
Max Sale Price:
$1,299,000
Med Sale Price:
$132,000
Feb 2026
Sales:
18
Avg $ Per SqFt:
$
Min Sale Price:
$53,500
Max Sale Price:
$265,000
Med Sale Price:
$175,500
Jan 2026
Sales:
25
Avg $ Per SqFt:
$85.16
Min Sale Price:
$8,000
Max Sale Price:
$340,000
Med Sale Price:
$119,500
Dec 2025
Sales:
19
Avg $ Per SqFt:
$96.79
Min Sale Price:
$80,000
Max Sale Price:
$210,000
Med Sale Price:
$120,000
Nov 2025
Sales:
18
Avg $ Per SqFt:
$89.93
Min Sale Price:
$40,000
Max Sale Price:
$364,900
Med Sale Price:
$176,050
MLS Number: 10232647
William Patton – (901) 481-5938 – bpatton@nationalland.com
National Land Realty, LLC – (901) 355-2988 – lholbrook@nationalland.com
Request a showing
Request a showing
MLS Internet Data Exchange (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, and that the data is deemed reliable but is not guaranteed accurate by the Memphis Area Association of Realtors.
MLS Number: 10232647
William Patton – (901) 481-5938 – bpatton@nationalland.com
National Land Realty, LLC – (901) 355-2988 – lholbrook@nationalland.com