1540 CASTALIA ST Memphis, TN $ 525,000
1540 CASTALIA ST
$ 525,000
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1540 CASTALIA ST

Memphis, TN, 38114
$ 525,000
Bedrooms-- Baths3.0

Monthly Estimate*

$ 3,315

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Commercial Property for sale in Memphis, TN

for $525,000 with 3 full baths. This building was built in 1950.

Versatile mixed-use commercial property located in an established Memphis area offering excellent potential for an owner-user, investor, ministry, office, community use, or redevelopment opportunity (subject to zoning and approvals). Situated on approximately 0.13 acres, with an existing church/institutional-style structure and flexible layout. Convenient access to major roadways and surrounding amenities. Zoned CMU-3 per available records (buyer to verify zoning and permitted use). Property is currently occupied by a commercial tenant; however, seller can deliver the property vacant at closing if requested. Property sold AS-IS.

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Commercial Active

Price

$ 525,000

Full Bath

3

Property Type

Commercial

Taxes

$ 0

Style

Year Built

1950

Town/City

Memphis

County/Region

Shelby

MLS | Web ID

10222281

Features
General
Roof Composition Shingles
Zoning CMU-3
Status Active Active
Legal Subdivision Name Castalia
Stories Count 2
County Shelby
Class Commercial/Industrial
Type Religious Facility
Area 748N South Memphis/Glenview
Parcel Number 03108800012
Road Frontage City Street
Miscellaneous Display Window(s) Fixtures Furniture Inside Storage Recreation Facilities Rest Rooms
Sale/Rent For Sale
Status Detail 0
Location Corner
Year Built 1950
Directions From I-240: Take the Lamar Ave / US-78 Exit Continue west on Lamar Ave Turn right onto Castalia St Continue to 1540 Castalia St The property will be located within the South Memphis / 38114 corridor
City Memphis
DOM 47
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Exterior
Foundation Slab
Number of Buildings 1
Lot Size 5663
Parking Facility Asphalt/Blacktop Attached
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Interior
Hot Water Gas Hot Water Public Sewer Public Water
Floors Hardwood Tile Vinyl
Heating Gas
Offices 22
Restrooms 3
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* Excluded Features
List By
Kaizen Realty, Llc

Broker

Affordability Calculator

$3,315
Per Month
100%
0%
0%
Monthly Principal & Interest
$3,315
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
5/23/2026$525,000 Listed Price

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1540 CASTALIA ST, Memphis, TN, 38114 is a Commercial Property for sale at $525,000. 1540 CASTALIA ST has 3.0 baths and was built in 1950. The property's zip code is 38114 which is in Memphis, TN