$965,000
Knoxville, TN 37902
MLS# 1341587
2 beds | 1456 sqft
1 / 36
Property Description
The iconic JC Penny Building, originally constructed around 1905, was given a new life when it was transformed in 2016 into a mixed-use development - now home to seventeen residences, along with Maple Hall - ''a spirited bowling experience''. This stunning two-bedroom residence features an expansive great room with enormous windows and a Juliette-style balcony, soaring ceilings, and open dining area and kitchen complete with concrete countertops, sleek cabinetry and stainless appliances, including a brand new refrigerator. This impressive loft boasts an elegant blend of modern & refined-industrial styles, while retaining the historic character of the rustic exposed brick, plaster walls, and original exposed structural beams. Additional features include generous closets/storage, a separate laundry room complete with a washer/dryer, and controlled elevator access along with fob/coded access at both the front Gay Street entrance, as well as the back entrance, which opens onto the Promenade Garage (which has EV charging stations). Living here in the center of Downtown's Theater District and just one block from Market Square & Krutch Park, you can stroll outside and enjoy many of the city's most popular restaurants, cafes, farmers' markets, entertainment venues, fitness studios & galleries. And with close proximity to the World's Fair Park & greenway system, the University of Tennessee, the new Covenant Health Park stadium, artsy Emory Place, Downtown North, PetSafe dog park, and the South Waterfront, you can easily access it all from your home in the JC Penny Lofts. Public parking is offered directly behind the building in the attached Promenade Garage and in the nearby State St. Garage where parking is currently free on nights and weekends. Approx. size is based on Courthouse Retrieval Records and is an estimate only. Buyer to verify size, taxes and HOA fees, which are subject to change.
Details
Maps
Contract Info
Auction Y/N: No
Occupancy: Permanent Residence
Listing Price: 965000
Current Price: $965,000
Status: Active
Listing Date: 2026-05-20
Location, Tax & Legal Info
Unit #: 204
Area: Knox County - 1
Property Sub-Type: Condominium
Community: Downtown
City/County Code: City Limits
Total Tax: 4232.65
General Property Description
Type: Other
# Bedrooms: 2
Acre Source: Tax Records
# of Rooms: 5
Restrictions: Yes
Site Built: Yes
Fireplace: No
HOA Fee: 463
HOA Freq: Monthly
HOA Contact: Realty Resource Systems - 423-329-5242
Property Status: N/A
SqFt - Main Lvl: 1456
SqFt - Down Lvl: 0
SqFt - 2nd Flr Lvl: 0
SqFt - 3rd Flr Lvl: 0
# Fireplace: 0
HOA: Mandatory
Position of Unit: 2nd Floor East
Basement: No
Bonus Room: No
Extra Storage: No
SqFt - Total (Aprox): 1456
Baths - Full: 2
Year Built: 1905
Remarks & Misc
Directions: Located on the vibrant 400-Block of Gay Street above Maple Hall (bowling and spirits), across from the famed Cruze Farm Dairy and adjacent to Mast General Store. Public parking is available in the Promenade Garage directly behind the building and in the nearby State Street Garage.
Public Remarks: The iconic JC Penny Building, originally constructed around 1905, was given a new life when it was transformed in 2016 into a mixed-use development - now home to seventeen residences, along with Maple Hall - ''a spirited bowling experience''. This stunning two-bedroom residence features an expansive great room with enormous windows and a Juliette-style balcony, soaring ceilings, and open dining area and kitchen complete with concrete countertops, sleek cabinetry and stainless appliances, including a brand new refrigerator. This impressive loft boasts an elegant blend of modern & refined-industrial styles, while retaining the historic character of the rustic exposed brick, plaster walls, and original exposed structural beams. Additional features include generous closets/storage, a separate laundry room complete with a washer/dryer, and controlled elevator access along with fob/coded access at both the front Gay Street entrance, as well as the back entrance, which opens onto the Promenade Garage (which has EV charging stations). Living here in the center of Downtown's Theater District and just one block from Market Square & Krutch Park, you can stroll outside and enjoy many of the city's most popular restaurants, cafes, farmers' markets, entertainment venues, fitness studios & galleries. And with close proximity to the World's Fair Park & greenway system, the University of Tennessee, the new Covenant Health Park stadium, artsy Emory Place, Downtown North, PetSafe dog park, and the South Waterfront, you can easily access it all from your home in the JC Penny Lofts. Public parking is offered directly behind the building in the attached Promenade Garage and in the nearby State St. Garage where parking is currently free on nights and weekends. Approx. size is based on Courthouse Retrieval Records and is an estimate only. Buyer to verify size, taxes and HOA fees, which are subject to change.
Atchd/Dtchd Type
Attached: 1
Style
Historic: 1
Other: 1
Construction
Brick: 1
Other: 1
Siding
Brick: 1
Other: 1
Fireplace
None: 1
Cooling
Ceiling Fan(s): 1
Central Cooling: 1
Floors
Hardwood: 1
Tile: 1
Garage/Parking
Other: 1
Basement
Other: 1
Lot Description
Other: 1
Fuel
Electric: 1
View
City: 1
Heat
Central: 1
Heat Pump: 1
Community Amenities
Elevator: 1
Dining Area
Breakfast Bar: 1
Kitchen/Dining Rm Co: 1
Living Rm/Dining Rm: 1
Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Microwave: 1
Range: 1
Refrigerator: 1
Washer: 1
Other Rooms
Laundry/Utility: 1
Exterior Features
Windows - Insulated: 1
Misc Features
Walk-in Shower: 1
Walk-In Closet(s): 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
Grounds Maintenance: 1
Sewer: 1
Water: 1
New Financing
Cash: 1
Conventional: 1
Other: 1
Showing
See Agent Instructns: 1
Location Tax Legal Info
House #: 416
St Dir: S
Street Name: Gay
St Suffix: St
State/Province: TN
Zip Code: 37902
PIN #: 095IA03701E
Subdivision: JCPenny Building Condominiums
Geo Lat: 35.966047
Geo Lon: -83.918357
Status Change Info
Status Change Date: 2026-05-20
Property Features
Style: Historic; Other
Construction: Brick; Other
Siding: Brick; Other
Basement: Other
Lot Description: Other
Fireplace: None
Floors: Hardwood; Tile
Fuel: Electric
Heat: Central; Heat Pump
Cooling: Ceiling Fan(s); Central Cooling
Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer
Sewer: Public Sewer
Water: Public
Other Rooms: Laundry/Utility
Misc Features: Walk-in Shower; Walk-In Closet(s); Washer/Dryer Connect; Wired for Internet
Exterior Features: Windows - Insulated
Dining Area: Breakfast Bar; Kitchen/Dining Rm Co; Living Rm/Dining Rm
Community Amenities: Elevator
Association Fee Incl: Association Ins; Building Exterior; Grounds Maintenance; Sewer; Water
Showing: See Agent Instructns
New Financing: Cash; Conventional; Other
IDX
Listing Office: Downtown Realty, Inc.
Office Phone: 865-588-5535
Last Updated: May - 31 - 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.
*Neighborhoods and areas are approximate and based off of geo coding provided by a third party. Knox Native holds no liability for the accuracy of the these locations and buyers, sellers, prospects, and agents should verify all information and accuracy to suit.