116 S Gay St 706, Knoxville, TN 37902 (MLS# 1310509)

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

Overview

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 ... (Read more)

Listing Details MLS# 1310509

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

Contract Info

Auction Y/N: No
Listing Price: 339000

General Property Description

Type: High Rise
Acres: 0.01
Acre Source: Tax Records
Site Built: Yes
Restrictions: Yes
SqFt - Total (Aprox): 580
SqFt - Main Lvl: 580
# Bedrooms: Yes
Baths - Full: Yes
# of Rooms: 3
Fireplace: No
Property Status: N/A
HOA: Mandatory
HOA Fee: 154.2
HOA Freq: Monthly
HOA Contact: Sterchi Lofts HOA 865-383-1117
Year Built: 1920
Bonus Room: No
Extra Storage: Yes
SqFt - Down Lvl: 0
SqFt - 2nd Flr Lvl: 0
SqFt - 3rd Flr Lvl: 0
# Fireplace: 0
Basement: No

Status Change Info

Status Change Date: 2025-11-11
Under Contract Date: 2025-09-26
Sold Date: 2025-11-10

Location, Tax & Legal Info

Unit #: 706
Area: Knox County - 1
Property Sub-Type: Condominium
City/County Code: City Limits
Total Tax: 1860.36

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

More Information

Atchd/Dtchd Type

Attached: Yes

Style

Historic: Yes

Construction

Block: Yes
Brick: Yes
Steel: Yes

Fireplace

None: Yes

Cooling

Central Cooling: Yes

Floors

Other: Yes

Garage/Parking

Off-Street Parking: Yes
On-Street Parking: Yes
Other: Yes

Basement

None: Yes

Lot Description

Other: Yes

Fuel

Electric: Yes

View

City: Yes
Mountain View: Yes

Heat

Central: Yes

Community Amenities

Elevator: Yes
Exercise Room: Yes
Extra Storage: Yes
Sidewalks: Yes

Dining Area

Kitchen/Dining Rm Co: Yes
Living Rm/Dining Rm: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Range: Yes
Self Cleaning Oven: Yes
Smoke Detector: Yes

Exterior Features

Windows - Aluminum: Yes

Misc Features

Elevator: Yes
Internet Available: Yes
Washer/Dryer Connect: Yes
Wired for Internet: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

Association Fee Incl

Association Ins: Yes
Building Exterior: Yes
Fire Protection: Yes
Grounds Maintenance: Yes
Pest Contract: Yes
Some Amenities: Yes
Trash: Yes

New Financing

Alternative: Yes
Cash: Yes
Conventional: Yes

Showing

See Agent Instructns: Yes

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

IDX

Listing Office: Terminus Real Estate, Inc.

Last Updated: November - 11 - 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.