122 S Gay St 404, Knoxville, TN 37902

$675,000
Property Type: Single Family Bedrooms: 2 Square Footage: 1,401 Status: Closed
Current Price: $675,000 List Date: 5/26/2026 Last Modified: 7/11/2026

Overview

Description

Located on Downtown Knoxville's vibrant 100-Block of Gay Street, this exceptional penthouse loft in the historic Commerce Building is surrounded by a vibrant mix of residences, boutique shops, acclaimed restaurants, salons, and art galleries. Blending timeless character with modern updates, this stunning residence offers an elevated urban lifestyle in one of Downtown's most sought-after locations. Inside, newly refinished hardwood floors, fresh paint, soaring ceilings, rich exposed brick, and expansive windows create a sophisticated yet inviting atmosphere. Bright new skylights illuminate the spacious bedroom and bath with abundant natural light. The open kitchen and living area offer an ideal blend of comfort and sophistication, creating an inviting space for daily living or casual entertaining. Thoughtfully designed custom built-ins and generous walk-in closets offer exceptional storage throughout. Recent upgrades include a new HVAC system (March 2025), a new hot water heater (Novem ...

Listing Details MLS# 1341663

Location Tax Legal Info

House #
122
St Dir
S
Street Name
Gay
St Suffix
St
State/Province
TN
Zip Code
37902
PIN #
094EG03900Z
Subdivision
The Commerce Building Condominiums

Contract Info

Auction Y/N
No
Listing Price
699500
Occupancy
Permanent Residence

General Property Description

Type
Other
Acre Source
Tax Records
Site Built
Yes
Restrictions
Yes
SqFt - Total (Aprox)
1401
SqFt - Main Lvl
1401
# Bedrooms
2
Baths - Full
2
# of Rooms
5
Fireplace
No
Property Status
N/A
HOA
Mandatory
HOA Fee
314.63
HOA Freq
Monthly
HOA Contact
Associa, Allie Marret - (615) 775-9050
Position of Unit
Top Floor/Penthouse
Year Built
1900
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
2026-07-11
Under Contract Date
2026-05-29
Sold Date
2026-06-29

Location, Tax & Legal Info

Unit #
404
Area
Knox County - 1
Property Sub-Type
Condominium
Community
Downtown
City/County Code
City Limits
Total Tax
4270.67

Remarks & Misc

Directions
Located on the picturesque 100-Block of Gay Street between Summit Hill Drive and Jackson Avenue.
Public Remarks
Located on Downtown Knoxville's vibrant 100-Block of Gay Street, this exceptional penthouse loft in the historic Commerce Building is surrounded by a vibrant mix of residences, boutique shops, acclaimed restaurants, salons, and art galleries. Blending timeless character with modern updates, this stunning residence offers an elevated urban lifestyle in one of Downtown's most sought-after locations. Inside, newly refinished hardwood floors, fresh paint, soaring ceilings, rich exposed brick, and expansive windows create a sophisticated yet inviting atmosphere. Bright new skylights illuminate the spacious bedroom and bath with abundant natural light. The open kitchen and living area offer an ideal blend of comfort and sophistication, creating an inviting space for daily living or casual entertaining. Thoughtfully designed custom built-ins and generous walk-in closets offer exceptional storage throughout. Recent upgrades include a new HVAC system (March 2025), a new hot water heater (November 2023), and a new range/oven (2023), offering move-in-ready convenience. Residents of the Commerce Building enjoy tastefully appointed common areas, a newly completed roof (2025), and a community rooftop deck currently under construction -- a serene retreat perched above historic Gay Street, ideal for savoring Downtown Knoxville's energy and charm from above. Originally constructed circa 1900, the Commerce Building was thoughtfully converted into condominium residences in 2009, preserving its architectural character while seamlessly integrating modern conveniences. Approx. size is based on Courthouse Retrieval records, is an estimate only and is not guaranteed. Buyers to verify size, taxes, and HOA fees, which are subject to change.

More Information

Atchd/Dtchd Type

Attached
Yes

Style

Historic
Yes

Construction

Brick
Yes
Other
Yes

Siding

Brick
Yes
Other
Yes

Fireplace

None
Yes

Cooling

Ceiling Fan(s)
Yes
Central Cooling
Yes
Other
Yes

Floors

Hardwood
Yes

Garage/Parking

None
Yes
Other
Yes

Basement

Other
Yes

Lot Description

Other
Yes

Fuel

Electric
Yes

View

City
Yes

Heat

Central
Yes

Community Amenities

Elevator
Yes
Other - See Remarks
Yes

Dining Area

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

Appliances

Dishwasher
Yes
Disposal
Yes
Range
Yes
Refrigerator
Yes

Other Rooms

Laundry/Utility
Yes

Exterior Features

Windows - Insulated
Yes

Misc Features

Walk-In Closet(s)
Yes
Washer/Dryer Connect
Yes

Sewer

Public Sewer
Yes

Water

Public
Yes

Association Fee Incl

Association Ins
Yes
Building Exterior
Yes
Grounds Maintenance
Yes
Other
Yes

New Financing

Cash
Yes
Conventional
Yes
Other
Yes

Showing

See Agent Instructns
Yes

Property Features

Style: Historic Construction: Brick; Other Siding: Brick; Other Basement: Other Lot Description: Other Fireplace: None Floors: Hardwood Fuel: Electric Heat: Central Cooling: Ceiling Fan(s); Central Cooling; Other Appliances: Dishwasher; Disposal; Range; Refrigerator Sewer: Public Sewer Water: Public Other Rooms: Laundry/Utility Misc Features: Walk-In Closet(s); Washer/Dryer Connect Exterior Features: Windows - Insulated Dining Area: Kitchen/Dining Rm Co; Living Rm/Dining Rm Community Amenities: Elevator; Other - See Remarks Association Fee Incl: Association Ins; Building Exterior; Grounds Maintenance; Other Showing: See Agent Instructns New Financing: Cash; Conventional; Other
IDX
Listing Office: Downtown Realty, Inc.
Last Updated: July - 11 - 2026
The data relating to real estate for sale on this Web Site comes from the IDX Program of the East Tennessee REALTORS® Multiple Listing Service. © Copyright 2026 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 daily, 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.