116 S Gay St 205, Knoxville, TN 37902

$950,000
Property Type: Single Family Bedrooms: 4 Square Footage: 2,130 Lot Size (sq. ft.): 2,178 Status: Closed
Current Price: $950,000 List Date: 8/23/2025 Last Modified: 9/08/2025

Description

Located on Downtown's vibrant 100-Block in the historic Sterchi Building, this beautifully renovated four bedroom loft features a spacious great room, a bright & modern kitchen, soaring ceilings, and expansive windows overlooking picturesque Gay Street. The tastefully updated bathrooms feature sleek subway tile and contemporary fixtures. A large bonus area could be a perfect flex space for a second living room, home office or additional guests. Enjoy the exceptional building amenities including a fitness studio, storage room with individual leased spaces, and huge rooftop terrace overlooking the Downtown skyline. Parking permit for a nearby lot, pre-paid for 2 years, is included in the price. Experience the best of urban living here in Knoxville's Arts/Old City District, an eclectic pocket of Downtown known for its picturesque century-old buildings housing many of the city's most popular restaurants, cafes, entertainment venues, fitness studios & galleries. And with close proximity to the new multi-use stadium, Market Square & Theater District, artsy Emory Place, Downtown North, PetSafe dog park, World's Fair Park, greenway system, and even an easy mile to the University of Tennessee campus and the South Waterfront, you can enjoy it all while living in Sterchi Lofts. Approx. size per CRS is an estimate only. Buyer to verify size, taxes and HOA fees, which are subject to change. Note: Presently, this is one of the few residences in the building in which AirBnB/STR is permitted by the HOA.

More Information MLS# 1294418

Contract Info

Auction Y/N: No Occupancy: Either Listing Price: 995000 Current Price: $950,000 Status: Closed Listing Date: 2025-03-24

Location, Tax & Legal Info

Unit #: 205 Area: Knox County - 1 Property Sub-Type: Condominium Community: Downtown City/County Code: City Limits Total Tax: 6672.65

General Property Description

Type: High Rise # Bedrooms: 4 Acres: 0.05 Acre Source: Tax Records # of Rooms: 7 Restrictions: Yes Site Built: Yes Fireplace: No HOA Fee: 532.89 HOA Freq: Monthly HOA Contact: Terminus Real Estate: (865) 673-6300 Property Status: N/A SqFt - Main Lvl: 2130 SqFt - Down Lvl: 0 SqFt - 2nd Flr Lvl: 0 SqFt - 3rd Flr Lvl: 0 # Fireplace: 0 HOA: Mandatory Position of Unit: 2nd Fl Gay St Basement: No Bonus Room: No SqFt - Total (Aprox): 2130 Baths - Full: 2 Year Built: 1920

Remarks & Misc

Directions: Located on the picturesque 100-Block of Gay Street between Summit Hill Drive and Jackson Avenue. Public Remarks: Located on Downtown's vibrant 100-Block in the historic Sterchi Building, this beautifully renovated four bedroom loft features a spacious great room, a bright & modern kitchen, soaring ceilings, and expansive windows overlooking picturesque Gay Street. The tastefully updated bathrooms feature sleek subway tile and contemporary fixtures. A large bonus area could be a perfect flex space for a second living room, home office or additional guests. Enjoy the exceptional building amenities including a fitness studio, storage room with individual leased spaces, and huge rooftop terrace overlooking the Downtown skyline. Parking permit for a nearby lot, pre-paid for 2 years, is included in the price. Experience the best of urban living here in Knoxville's Arts/Old City District, an eclectic pocket of Downtown known for its picturesque century-old buildings housing many of the city's most popular restaurants, cafes, entertainment venues, fitness studios & galleries. And with close proximity to the new multi-use stadium, Market Square & Theater District, artsy Emory Place, Downtown North, PetSafe dog park, World's Fair Park, greenway system, and even an easy mile to the University of Tennessee campus and the South Waterfront, you can enjoy it all while living in Sterchi Lofts. Approx. size per CRS is an estimate only. Buyer to verify size, taxes and HOA fees, which are subject to change. Note: Presently, this is one of the few residences in the building in which AirBnB/STR is permitted by the HOA.

Atchd/Dtchd Type

Attached: 1

Style

Historic: 1

Construction

Brick: 1 Steel: 1 Other: 1

Siding

Brick: 1

Fireplace

None: 1

Cooling

Central Cooling: 1

Floors

Other: 1

Garage/Parking

Other: 1

Basement

None: 1

Lot Description

Other: 1

Fuel

Electric: 1

View

City: 1

Heat

Central: 1

Community Amenities

Elevator: 1 Exercise Room: 1

Dining Area

Eat-in Kitchen: 1

Appliances

Dishwasher: 1 Dryer: 1 Microwave: 1 Range: 1 Refrigerator: 1 Washer: 1

Exterior Features

Windows - Aluminum: 1

Misc Features

Elevator: 1 Kitchen Island: 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 Trash: 1

New Financing

Cash: 1 Conventional: 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 #: 094EG04300Y Subdivision: Sterchi Lofts Geo Lat: 35.96839 Geo Lon: -83.920124

Status Change Info

Status Change Date: 2025-09-08 Under Contract Date: 2025-08-22 Sold Date: 2025-09-05 Sold Price: $950,000

Property Features

Style: Historic Construction: Brick; Steel; Other Siding: Brick Basement: None Lot Description: Other Fireplace: None Floors: Other Fuel: Electric Heat: Central Cooling: Central Cooling Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer Sewer: Public Sewer Water: Public Misc Features: Elevator; Kitchen Island; Wired for Internet Exterior Features: Windows - Aluminum Dining Area: Eat-in Kitchen Community Amenities: Elevator; Exercise Room Association Fee Incl: Association Ins; Building Exterior; Fire Protection; Grounds Maintenance; Pest Contract; Trash Showing: See Agent Instructns New Financing: Cash; Conventional
Listing Office: Terminus Real Estate, Inc.
IDX
Office Phone: 865-673-6300
Last Updated: September - 08 - 2025
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.