116 S Gay St 407, Knoxville, TN 37902

New
$650,000
Property Type: Single Family Bedrooms: 3 Square Footage: 1,260 Lot Size (sq. ft.): 1,307 Status: Active
Current Price: $650,000 List Date: 2/26/2026 Last Modified: 2/26/2026

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.

More Information MLS# 1330595

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
Listing Office: Terminus Real Estate, Inc.
IDX
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.