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
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.