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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