116 S Gay St 706, Knoxville, TN 37902
$325,000
Property Type:
Single Family
Bedrooms:
1
Square Footage:
580
Lot Size (sq. ft.):
436
Status:
Closed
Current Price:
$325,000
List Date:
9/26/2025
Last Modified:
11/11/2025
Description
Experience modern urban living in this beautifully updated 1-bedroom, 1-bath condo at Sterchi Lofts. Situated on the 7th floor, this bright, airy unit offers a Southern exposure looking down the center of the city. Watch parades, Christmas lights, and downtown festivals like the Rossini Festival right from your living room. Enjoy your morning coffee looking out at the Smokies in the horizon. Originally the headquarters of Sterchi Brothers Furniture—the largest wholesale furniture distributor in the Southeast—this historic building was transformed into loft-style residences in 2002 and underwent further upgrades from 2016 to 2022. During the renovation, this unit was updated with: · Energy-efficient appliances · Quartz countertops & deep stainless steel sink · Commercial-grade kitchen faucet · Designer light fixtures · Updated HVAC system · Modern plumbing fixtures · Luxurious Roca (Spanish) tile in the shower. With tall ceilings, expansive windows, and an open-concept design, this condo perfectly blends historic charm with contemporary style. Residents of Sterchi Lofts also enjoy premium amenities, including a 24-hour fitness center, additional rentable storage, and a rooftop patio with stunning views of the Knoxville skyline and the Great Smoky Mountains. Knoxville was recently ranked among the most desirable cities to live in by U.S. News & World Report in 2024, and downtown continues to thrive. With a new baseball stadium set to open in 2025 and the upcoming Neyland Entertainment District transforming the riverfront, now is the perfect time to invest in this vibrant community. Walk to award winning restaurants, the Farmers' Market, several gyms, coffee shops, and shows at the Tennessee and Bijou Theaters. Drop by the art galleries and local bookstore down the block or bike to the University of Tennessee and IJAMS Nature Center. 📍 Don't miss this rare opportunity—schedule your showing today! Unit is not occupied and is easy to view
More Information MLS# 1310509
Contract Info
Auction Y/N: No
Listing Price: 339000
Current Price: $325,000
Status: Closed
Listing Date: 2025-08-01
Location, Tax & Legal Info
Unit #: 706
Area: Knox County - 1
Property Sub-Type: Condominium
City/County Code: City Limits
Total Tax: 1860.36
General Property Description
Type: High Rise
# Bedrooms: 1
Acres: 0.01
Acre Source: Tax Records
# of Rooms: 3
Restrictions: Yes
Site Built: Yes
Fireplace: No
HOA Fee: 154.2
HOA Freq: Monthly
HOA Contact: Sterchi Lofts HOA 865-383-1117
Property Status: N/A
SqFt - Main Lvl: 580
SqFt - Down Lvl: 0
SqFt - 2nd Flr Lvl: 0
SqFt - 3rd Flr Lvl: 0
# Fireplace: 0
HOA: Mandatory
Basement: No
Bonus Room: No
Extra Storage: Yes
SqFt - Total (Aprox): 580
Baths - Full: 1
Year Built: 1920
Remarks & Misc
Directions: From the city center follow S Gay St to the 100 Block of the Historic Arts District and the Sterchi Lofts will be on your right.
Public Remarks: Experience modern urban living in this beautifully updated 1-bedroom, 1-bath condo at Sterchi Lofts. Situated on the 7th floor, this bright, airy unit offers a Southern exposure looking down the center of the city. Watch parades, Christmas lights, and downtown festivals like the Rossini Festival right from your living room. Enjoy your morning coffee looking out at the Smokies in the horizon. Originally the headquarters of Sterchi Brothers Furniture—the largest wholesale furniture distributor in the Southeast—this historic building was transformed into loft-style residences in 2002 and underwent further upgrades from 2016 to 2022. During the renovation, this unit was updated with: · Energy-efficient appliances · Quartz countertops & deep stainless steel sink · Commercial-grade kitchen faucet · Designer light fixtures · Updated HVAC system · Modern plumbing fixtures · Luxurious Roca (Spanish) tile in the shower. With tall ceilings, expansive windows, and an open-concept design, this condo perfectly blends historic charm with contemporary style. Residents of Sterchi Lofts also enjoy premium amenities, including a 24-hour fitness center, additional rentable storage, and a rooftop patio with stunning views of the Knoxville skyline and the Great Smoky Mountains. Knoxville was recently ranked among the most desirable cities to live in by U.S. News & World Report in 2024, and downtown continues to thrive. With a new baseball stadium set to open in 2025 and the upcoming Neyland Entertainment District transforming the riverfront, now is the perfect time to invest in this vibrant community. Walk to award winning restaurants, the Farmers' Market, several gyms, coffee shops, and shows at the Tennessee and Bijou Theaters. Drop by the art galleries and local bookstore down the block or bike to the University of Tennessee and IJAMS Nature Center. 📍 Don't miss this rare opportunity—schedule your showing today! Unit is not occupied and is easy to view
Atchd/Dtchd Type
Attached: 1
Style
Historic: 1
Construction
Block: 1
Brick: 1
Steel: 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
Self Cleaning Oven: 1
Smoke Detector: 1
Exterior Features
Windows - Aluminum: 1
Misc Features
Elevator: 1
Internet Available: 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
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 #: 094EG04302T
Subdivision: Sterchi Lofts Condos Unit 706
Geo Lat: 35.968501
Geo Lon: -83.919986
Status Change Info
Status Change Date: 2025-11-11
Under Contract Date: 2025-09-26
Sold Date: 2025-11-10
Sold Price: $325,000
Property Features
Style: Historic
Construction: Block; Brick; Steel
Basement: None
Lot Description: Other
View: Mountain View
Fireplace: None
Floors: Other
Fuel: Electric
Heat: Central
Cooling: Central Cooling
Appliances: Dishwasher; Disposal; Microwave; Range; Self Cleaning Oven; Smoke Detector
Sewer: Public Sewer
Water: Public
Misc Features: Elevator; Internet Available; 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
Listing Office:
Terminus Real Estate, Inc.
IDX
Office Phone: 865-673-6300
Last Updated: November - 11 - 2025
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