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    1397 Central Ave Memphis, TN 38104

    For Sale
    $3,000,000

    Recreational - Memphis, TN

    Days on Market:
    35
    Last Refresh:
    Dec 7 at 3:06 pm

    Property Features for 1397 Central Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active

    Building Details

    Year built
    1897
    Architectural style
    Other

    eXp Realty LLC (888) 519-5113 [email protected]

    Listing agent Garth Ward (888) 519-5113

    Listing date Nov 3, 2025

    MLS# 10209014 Listing URL

    Copyright © 2025 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ashlar Hall: Memphis' Castle

    Ashlar Hall, a landmark property located in Central Gardens, Memphis, presents a unique opportunity for either event hosting or private residential use. This property, listed on the National Register and dating back to 1896, combines historic stone architecture with modern renovations. The 11,114 square foot structure is situated on a 0.79-acre lot and includes 40 on-site parking spaces, offering substantial capacity and convenience within Midtown. The building's features include grand rooms, period millwork, and bay windows. Recent filings indicate life-safety upgrades suitable for event usage, though prospective buyers should independently verify all approvals and conditions. This property is suitable as an event venue or a private city estate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ashlar Hall Historical Landmark

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0152711
    Latitude
    35.126198

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    FAQs

    What type of property is this?
    Wedding venue - Historic landmark ideal for events or private estate living.
    Where is this wedding venue located?
    The property is located at 1397 Central Ave Memphis, TN.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: - National Register Landmark: Own a piece of history with this iconic "Memphis' Castle" (Ashlar Hall), offering unparalleled prestige.; - Fully Renovated: Experience refined living or host events in a space that seamlessly blends historic architecture with modern updates.; - Large Capacity: Boasting 11,114± SF on 0.79 acre with 40 on-site parking spaces, a rare find in Midtown.
    (888) 519-5113
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    1397 Central Ave Memphis, TN 38104
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    Memphis, TN 38104
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1397 Central Ave Memphis, TN 38104
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