1397 CENTRAL AVE Memphis, TN $ 3,000,000
1397 CENTRAL AVE
$ 3,000,000
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1397 CENTRAL AVE

Memphis, TN, 38104
$ 3,000,000
Bedrooms-- Baths4.0

Monthly Estimate*

$ 18,716

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Commercial Property for sale in Memphis, TN

for $3,000,000 with 4 full baths. This building was built in 1897.

Live, celebrate, and make history at Ashlar Hall a true Memphis’ Castle. Set in Central Gardens, this National Register landmark (1896) blends storybook stone architecture with a fresh, full renovation for modern events or refined private living. Behind the crenellated façade, grand rooms, period millwork, and sweeping bay windows create unforgettable backdrops for weddings, galas, and brand experiences.11,114± SF on 0.79 acre with 40 on-site spaces provides rare Midtown capacity and convenience. Recent filings reference life-safety upgrades for event use; buyer to verify approvals/conditions. A once-in-a-generation opportunity to own Memphis’ most photogenic address, an instantly marketable venue or an incomparable city estate. Shown by appointment only.

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Commercial Active

Price

$ 3,000,000

Full Bath

4

Property Type

Commercial

Taxes

$ 2,026

Style

Special Purpose

Year Built

1897

Town/City

Memphis

County/Region

Shelby

MLS | Web ID

10209014

Features
General
Roof Composition Shingles Flat
Status Active Active
Legal Subdivision Name UNIVERSITY TOWER
Stories Count 3
County Shelby
Class Commercial/Industrial
Type Recreational
Area 746F Central Gardens
Parcel Number 015008 00002
Road Frontage City Street
Sale/Rent For Sale
Status Detail 0
Location Free Standing
Year Built 1897
Directions Turn onto Central ave East bound property on the right
City Memphis
DOM 29
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Exterior
Foundation Full Basement
Lot 2
Number of Buildings 1
Lot Size 34 736
Parking Facility 31-75 Spaces Asphalt/Blacktop
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Interior
Hot Water Electric Hot Water
Floors Hardwood Partial Carpet Tile
Heating Central
Restrooms 4
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* Excluded Features
List By
Exp Realty, Llc

Broker

Affordability Calculator

$18,885
Per Month
99%
1%
0%
Monthly Principal & Interest
$18,716
Monthly Property Taxes
$169
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
460623 Elementary School
460624 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/3/2025$3,000,000 Listed Price

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1397 CENTRAL AVE, Memphis, TN, 38104 is a Commercial Property for sale at $3,000,000. 1397 CENTRAL AVE has 4.0 baths and was built in 1897. The property's zip code is 38104 which is in Memphis, TN