1516 Raines RdMemphis, TN 38116

Property Details for 1516 Raines Rd

Lot size

0.83 AC

Property type

Other commercial real estate

Property subtype

Other land

Description

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.

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.0358

Longitude

-90.0134

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