1824 Castalia StMemphis, TN 38114

  • Industrial properties
  • 242,568 SF
For Lease

Property Details for 1824 Castalia St

Year built
1941
Lot size
8.57 AC
Property size (Sq ft)
242,568 SF
Zone code
EMP
Property type
Industrial properties
Property subtype
Other warehouses
APN
060-108- - -00011
APU
6010800011

Description

This expansive Memphis industrial property at 1824 Castalia St, zip code 38114, offers a total of 242,568 square feet of space, currently entirely vacant and ready for immediate occupancy. The building, constructed in 1941, is situated in Shelby County, Tennessee, and benefits from its location amongst significant industrial and commercial businesses. The property is divisible into three separate suites, with a minimum divisible space of 74,000 square feet and a maximum contiguous space of 84,568 square feet. This flexibility allows for a variety of tenant configurations, catering to businesses of varying sizes and needs. Ceiling heights range from 16 to 24 feet, providing ample vertical space for storage, manufacturing processes, or high-bay racking systems. The property's classification as Manufacturing, Warehouse, and Distribution makes it suitable for a wide range of industrial uses. This prime location presents a unique opportunity for businesses seeking significant warehouse, manufacturing, or distribution space in a well-established industrial area of Memphis. The property's size and layout offer substantial potential for a single large tenant or multiple smaller tenants. Inquire today to learn more about this exceptional opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $40,004,540
    Hospitality
    $36,643,944
    Educational
    $30,487,332
    Medical
    $31,535,838
    Retail
    $47,424,740
1824 Castalia St, Memphis, Tennessee

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.0951
Longitude
-89.9944
CBSA code
32820
CBSA name
MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$23,234
$98,720
$282,680
$381,400
-
$246,800
$706,700
$953,500

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