$650,000
Knoxville, TN 37902
MLS# 1330595
3 beds | 1260 sqft
1 / 28
Property Description
Experience authentic urban living in the heart of downtown Knoxville at 116 S Gay Street. Located on the historic 100 block of the Arts District, this rare 3-bedroom, 2-bath condo offers 1,260 square feet of thoughtfully designed space with an open floorplan that blends industrial character with warm, modern finishes. High ceilings, oversized windows, and exposed ductwork create a true loft-style feel, while the spacious kitchen with stainless appliances flows seamlessly into the dining and living areas--perfect for entertaining or relaxing after a night out downtown. Unique design elements, curated fixtures, and abundant natural light highlight this industrial minimalistic style. At the time of this posting, this is the only 3-bedroom condo available within the downtown borders listed under $1 million. Providing an exceptional opportunity for buyers seeking space, walkability, and long-term value in one of Knoxville's most desirable corridors. Step outside your door and walk to Market Square, award-winning restaurants, local coffee shops, live music, and entertainment venues like the historic Tennessee Theatre and Bijou Theatre. Enjoy nearby riverfront access, rooftop dining, and the vibrant energy that continues to fuel downtown Knoxville's strong residential demand. Whether you're looking for a primary residence, a second home, or an investment in a thriving urban market, this address delivers lifestyle, location, and rarity all in one. **The beds and the kitchen island will convey.
Details
Maps
Contract Info
Auction Y/N: No
Listing Price: 650000
Current Price: $650,000
Status: Active
Listing Date: 2026-02-26
Location, Tax & Legal Info
Unit #: 407
Area: Knox County - 1
Property Sub-Type: Condominium
City/County Code: City Limits
Total Tax: 3991.53
General Property Description
Type: High Rise
# Bedrooms: 3
Acres: 0.03
Acre Source: Tax Records
# of Rooms: 5
Restrictions: Yes
Site Built: Yes
Fireplace: No
HOA Fee: 346
HOA Freq: Monthly
HOA Contact: Sterchi Lofts HOA 865-673-6300
Property Status: N/A
SqFt - Main Lvl: 1260
SqFt - Down Lvl: 0
SqFt - 2nd Flr Lvl: 0
SqFt - 3rd Flr Lvl: 0
# Fireplace: 0
HOA: Mandatory
Basement: No
Bonus Room: No
SqFt - Total (Aprox): 1260
Baths - Full: 2
Year Built: 1920
Remarks & Misc
Directions: Located on the historic 100 block of the Arts District at the intersection of Gay St and Summit Hill
Public Remarks: Experience authentic urban living in the heart of downtown Knoxville at 116 S Gay Street. Located on the historic 100 block of the Arts District, this rare 3-bedroom, 2-bath condo offers 1,260 square feet of thoughtfully designed space with an open floorplan that blends industrial character with warm, modern finishes. High ceilings, oversized windows, and exposed ductwork create a true loft-style feel, while the spacious kitchen with stainless appliances flows seamlessly into the dining and living areas--perfect for entertaining or relaxing after a night out downtown. Unique design elements, curated fixtures, and abundant natural light highlight this industrial minimalistic style.
At the time of this posting, this is the only 3-bedroom condo available within the downtown borders listed under $1 million. Providing an exceptional opportunity for buyers seeking space, walkability, and long-term value in one of Knoxville's most desirable corridors. Step outside your door and walk to Market Square, award-winning restaurants, local coffee shops, live music, and entertainment venues like the historic Tennessee Theatre and Bijou Theatre. Enjoy nearby riverfront access, rooftop dining, and the vibrant energy that continues to fuel downtown Knoxville's strong residential demand. Whether you're looking for a primary residence, a second home, or an investment in a thriving urban market, this address delivers lifestyle, location, and rarity all in one. **The beds and the kitchen island will convey.
Atchd/Dtchd Type
Attached: 1
Style
Historic: 1
Construction
Block: 1
Steel: 1
Siding
Brick: 1
Metal: 1
Stone: 1
Fireplace
None: 1
Cooling
Central Cooling: 1
Floors
Other: 1
Garage/Parking
Off-Street Parking: 1
On-Street Parking: 1
Other: 1
Basement
None: 1
Lot Description
Other: 1
Fuel
Electric: 1
View
City: 1
Mountain View: 1
Heat
Central: 1
Community Amenities
Elevator: 1
Exercise Room: 1
Extra Storage: 1
Sidewalks: 1
Dining Area
Kitchen/Dining Rm Co: 1
Living Rm/Dining Rm: 1
Appliances
Dishwasher: 1
Disposal: 1
Microwave: 1
Range: 1
Refrigerator: 1
Self Cleaning Oven: 1
Smoke Detector: 1
Exterior Features
Windows - Aluminum: 1
Misc Features
Elevator: 1
Internet Available: 1
Kitchen Island: 1
Walk-in Shower: 1
Washer/Dryer Connect: 1
Wired for Internet: 1
Sewer
Public Sewer: 1
Water
Public: 1
Association Fee Incl
Association Ins: 1
Building Exterior: 1
Fire Protection: 1
Grounds Maintenance: 1
Pest Contract: 1
Some Amenities: 1
Trash: 1
New Financing
Alternative: 1
Cash: 1
Conventional: 1
Exchange: 1
Showing
See Agent Instructns: 1
Location Tax Legal Info
House #: 116
St Dir: S
Street Name: Gay
St Suffix: St
State/Province: TN
Zip Code: 37902
PIN #: 094EG04301S
Subdivision: Sterchi Lofts Condos Unit 407
Geo Lat: 35.968473
Geo Lon: -83.919949
Status Change Info
Status Change Date: 2026-02-26
Property Features
Style: Historic
Construction: Block; Steel
Siding: Brick; Metal; Stone
Basement: None
Lot Description: Other
View: Mountain View
Fireplace: None
Floors: Other
Fuel: Electric
Heat: Central
Cooling: Central Cooling
Appliances: Dishwasher; Disposal; Microwave; Range; Refrigerator; Self Cleaning Oven; Smoke Detector
Sewer: Public Sewer
Water: Public
Misc Features: Elevator; Internet Available; Kitchen Island; Walk-in Shower; Washer/Dryer Connect; Wired for Internet
Exterior Features: Windows - Aluminum
Dining Area: Kitchen/Dining Rm Co; Living Rm/Dining Rm
Community Amenities: Elevator; Exercise Room; Extra Storage; Sidewalks
Association Fee Incl: Association Ins; Building Exterior; Fire Protection; Grounds Maintenance; Pest Contract; Some Amenities; Trash
Showing: See Agent Instructns
New Financing: Alternative; Cash; Conventional; Exchange
IDX
Listing Office: Terminus Real Estate, Inc.
Office Phone: 865-673-6300
Last Updated: February - 26 - 2026
The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated weekly, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
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