416 S Gay St 204, Knoxville, TN 37902

New Listing
$3,400
Property Type: Rental Bedrooms: 2 Square Footage: 1,456 Status: Active
Current Price: $3,400 List Date: 12/10/2025 Last Modified: 12/11/2025

Description

Stunning 2BR Loft for Lease! The iconic JC Penny Building, originally constructed in 1905, was given a new life when it was transformed in 2016 into a mixed-use development - now home to seventeen loft residences, along with Maple Hall - ''a spirited bowling experience''. This chic two-bedroom residence features an expansive great room with a Juliette balcony, soaring ceilings, and open dining area and kitchen, complete with concrete countertops, sleek cabinetry, and stainless appliances. This impressive loft boasts an elegant blend of modern & refined-industrial styles, while retaining the historic character of the rustic exposed brick, plaster walls, and original exposed structural beams. Additional features include generous closets/storage, a separate laundry room complete with a washer/dryer, and controlled elevator access along with fob/coded access at both the front Gay Street entrance, as well as the back entrance, which opens onto the Promenade Garage. Stroll outside and enjoy many of the city's most popular restaurants, cafes, entertainment venues, fitness studios & galleries. And with close proximity to the new Covenant Health Park stadium, library, artsy Emory Place, Downtown North, PetSafe dog park, World's Fair Park, greenway system, the University of Tennessee, and the South Waterfront, you can easily access it all from your home in the JC Penny Lofts. Public parking is offered directly behind the building in the attached Promenade Garage. Owner pays for two monthly permits for this garage. And in the nearby State St. Garage, parking is currently free on nights and weekends. The rent includes 2 monthly parking permits and water/sewer. In addition to the rent, a $75 application fee per person, $3400 Security Deposit, and $350 cleaning fee shall be paid upon lease execution. Owner prefers no pets but is willing to consider on a case-by-case basis. This property is non- smoking and is available for immediate occupancy.

More Information MLS# 1323885

Location, Tax & Legal Info

Unit #: 204 Area: Knox County - 1 Property Sub-Type: Condominium Community: Downtown City/County Code: City Limits

Contract Info

Rental Terms: 12 Months Deposit $: 3400 Application Fee $: 75 Application Fee Refundable: No Vouchers: No Smoking: No Pets: No Pet Deposit $: 0 Managed By: Owner Occupancy: Permanent Residence Current Price: $3,400 Listing Price: 3400 Status: Active Listing Date: 2025-12-09

General Property Description

Type: Other # Bedrooms: 2 Lot Dimensions: 0 # of Rooms: 5 Restrictions: Yes Fireplace: No HOA Fee: 0 HOA Freq: Monthly Water: KUB, included HOA Contact: Realty Resource Systems - (865) 584-9099 Sewer: KUB, included SqFt - Main Lvl: 1456 SqFt - Down Lvl: 0 SqFt - 2nd Flr Lvl: 0 SqFt - 3rd Flr Lvl: 0 # Fireplace: 0 HOA: Mandatory Position of Unit: 2nd Fl East Basement: No Bonus Room: No Extra Storage: No SqFt - Total (Aprox): 1456 Baths - Full: 2 Year Built: 1905

Remarks & Misc

Directions: Located on the vibrant 400-Block of Gay Street above Maple Hall (bowling and spirits). Public parking is available in the Promenade Garage directly behind the building. Public Remarks: Stunning 2BR Loft for Lease! The iconic JC Penny Building, originally constructed in 1905, was given a new life when it was transformed in 2016 into a mixed-use development - now home to seventeen loft residences, along with Maple Hall - ''a spirited bowling experience''. This chic two-bedroom residence features an expansive great room with a Juliette balcony, soaring ceilings, and open dining area and kitchen, complete with concrete countertops, sleek cabinetry, and stainless appliances. This impressive loft boasts an elegant blend of modern & refined-industrial styles, while retaining the historic character of the rustic exposed brick, plaster walls, and original exposed structural beams. Additional features include generous closets/storage, a separate laundry room complete with a washer/dryer, and controlled elevator access along with fob/coded access at both the front Gay Street entrance, as well as the back entrance, which opens onto the Promenade Garage. Stroll outside and enjoy many of the city's most popular restaurants, cafes, entertainment venues, fitness studios & galleries. And with close proximity to the new Covenant Health Park stadium, library, artsy Emory Place, Downtown North, PetSafe dog park, World's Fair Park, greenway system, the University of Tennessee, and the South Waterfront, you can easily access it all from your home in the JC Penny Lofts. Public parking is offered directly behind the building in the attached Promenade Garage. Owner pays for two monthly permits for this garage. And in the nearby State St. Garage, parking is currently free on nights and weekends. The rent includes 2 monthly parking permits and water/sewer. In addition to the rent, a $75 application fee per person, $3400 Security Deposit, and $350 cleaning fee shall be paid upon lease execution. Owner prefers no pets but is willing to consider on a case-by-case basis. This property is non- smoking and is available for immediate occupancy.

Atchd/Dtchd Type

Attached: 1

Style

Contemporary: 1 Historic: 1

Construction

Brick: 1

Siding

Brick: 1

Fireplace

None: 1

Cooling

Central Cooling: 1

Floors

Hardwood: 1

Garage/Parking

Other: 1

Basement

None: 1

Lot Description

Other: 1

Fuel

Electric: 1

View

City: 1

Heat

Central: 1 Heat Pump: 1

Community Amenities

Elevator: 1

Dining Area

Breakfast Bar: 1 Kitchen/Dining Rm Co: 1 Living Rm/Dining Rm: 1

Appliances

Dishwasher: 1 Disposal: 1 Dryer: 1 Microwave: 1 Range: 1 Refrigerator: 1 Washer: 1

Other Rooms

Laundry/Utility: 1

Exterior Features

Windows - Insulated: 1

Misc Features

Elevator: 1 Walk-in Shower: 1 Washer/Dryer Connect: 1 Wired for Internet: 1

Association Fee Incl

Association Ins: 1 Building Exterior: 1 Grounds Maintenance: 1 Security: 1 Sewer: 1 Water: 1

Showing

See Agent Instructns: 1

Location Tax Legal Info

House #: 416 St Dir: S Street Name: Gay St Suffix: St State/Province: TN Zip Code: 37902 PIN #: 095IA03701E Subdivision: JC Penny Lofts Geo Lat: 35.966047 Geo Lon: -83.918357

Status Change Info

Status Change Date: 2025-12-09

Property Features

Style: Contemporary; Historic Construction: Brick Siding: Brick Basement: None Lot Description: Other Fireplace: None Floors: Hardwood Fuel: Electric Heat: Central; Heat Pump Cooling: Central Cooling Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer Other Rooms: Laundry/Utility Misc Features: Elevator; Walk-in Shower; Washer/Dryer Connect; Wired for Internet Exterior Features: Windows - Insulated Dining Area: Breakfast Bar; Kitchen/Dining Rm Co; Living Rm/Dining Rm Community Amenities: Elevator Association Fee Incl: Association Ins; Building Exterior; Grounds Maintenance; Security; Sewer; Water Showing: See Agent Instructns
Listing Office: Downtown Realty, Inc.
IDX
Office Phone: 865-588-5535
Last Updated: December - 11 - 2025
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