1397 CENTRAL AVE Memphis, TN $ 2,250,000
1397 CENTRAL AVE
$ 2,250,000
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1397 CENTRAL AVE

Memphis, TN, 38104
$ 2,250,000
Bedrooms-- Baths-- Sq 11,114

Monthly Estimate*

$ 13,854

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Commercial Property for sale in Memphis, TN

for $2,250,000. This 11,114 square foot building was built in 1897 on a lot size of 0.79.

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

$ 2,250,000

Property Type

Commercial

Taxes

$ 0

Style

Lot Size

0.79

Year Built

1897

Town/City

Memphis

County/Region

Shelby

MLS | Web ID

3163437

Features
General
Possession Negotiable
Roof Shingle
Year Built 1897
County Shelby County TN
Property Type Commercial Sale
Status Active
Directions Turn onto Central ave East bound property on the right
City Memphis
Lot Size Units Acres
Building Area Units Square Feet
Standard Status Active
Tax Lot 2
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Exterior
Total Parking 0
Lot Size Area 0.79
Building Area Total 11114
Lot Size Acres 0.79
Waterfront Y/N N
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Interior
Air Conditioning Y/N N
Heating Y/N N
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Internal Only
Street Number 1 1397
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* Excluded Features
List By
Exp Realty

Broker

garth.ward@exprealty.com

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Affordability Calculator

$13,854
Per Month
100%
0%
0%
Monthly Principal & Interest
$13,854
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
245588 Elementary School
245705 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/27/2026$2,250,000 -10.00% Price Down
3/26/2026$2,500,000 Listed Price

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1397 CENTRAL AVE, Memphis, TN, 38104 is a Commercial Property for sale at $2,250,000 with 11,114 sqft and a lot size of 0.79. 1397 CENTRAL AVE was built in 1897. The property's zip code is 38104 which is in Memphis, TN