Residential Land for Sale in Memphis, Tennessee

Discover this prime vacant lot in the established neighborhood of Memphis, Shelby County—perfect for your next investment or dream home build. Spanning approximately 0.11 acres (4,791 sq ft. zoned RU-1 for single-family use). This cleared parcel offers flexibility for residential development in a convenient urban location with easy access to local amenities, employment hubs, and transportation. The 38108 zip code features affordable entry points, with nearby comparable improved homes valued in the $60,000–$80,000 range and median area prices around $70,000–$79,000 amid stabilizing market trends. Current estimates place this lot's value affordable, presenting strong potential for builders, flippers, or first-time investors seeking land banking or custom construction in a revitalizing area. Utilities likely available at street level -buyer to confirm. Seize this low-cost entry into Memphis real estate today! Verify zoning, permits, and site conditions via Shelby County records.