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$965,000
416 S Gay St 204, Knoxville, TN 37902
Active47 days on market

Listing provided by: Kimberly Dixon Hamilton · Downtown Realty, Inc.

Source: East Tennessee REALTORS® MLS · MLS# 1341587

East Tennessee REALTORS IDXListing last updated

2
Beds
2 full
Baths
1,456
Sq Ft
1905
Year Built
Lot (ac)
Single Family
Type

About this home

The iconic JC Penny Building, originally constructed around 1905, was given a new life when it was transformed in 2016 into a mixed-use development - now home to seventeen residences, along with Maple Hall - ''a spirited bowling experience''. This stunning two-bedroom residence features an expansive great room with enormous windows and a Juliette-style 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 (which has EV charging stations). Living here in the center of Downtown's Theater District and just one block from Market Square & Krutch Park, you can stroll outside and enjoy many of the city's most popular restaurants, cafes, farmers' markets, entertainment venues, fitness studios & galleries. And with close proximity to the World's Fair Park & greenway system, the University of Tennessee, the new Covenant Health Park stadium, artsy Emory Place, Downtown North, PetSafe dog park, 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 and in the nearby State St. Garage where parking is currently free on nights and weekends. Approx. size is based on Courthouse Retrieval Records and is an estimate only. Buyer to verify size, taxes and HOA fees, which are subject to change.

Facts & features

Interior
Bedrooms & bathrooms
  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2
  • Half bathrooms: 0
Heating
  • Heating: Central, Heat Pump, Electric
Cooling
  • Cooling: Central Cooling, Ceiling Fan(s)
Appliances
  • Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
Features
  • Features: Walk-In Closet(s), Breakfast Bar, Eat-in Kitchen
  • Flooring: Hardwood, Tile
  • Windows: Windows - Insulated
  • Basement: Other
Rooms
  • Total rooms: 5
Interior area
  • Total interior livable area: 1,456 sqft
Property
Parking
  • Parking features: Other
  • Attached garage: No
Lot
  • Features: Other
Exterior
  • View: City
Details
  • Parcel number: 095IA03701E
Construction
Type & style
  • Home type: Single Family
  • Property subtype: Condominium
  • Structure: Other
  • Architectural style: Other, Historic
Materials
  • Materials: Other, Brick
Condition
  • Year built: 1905
Utilities
Utilities
  • Sewer: Public Sewer
  • Water: Public
Community & HOA
Community
  • Subdivision: JCPenny Building Condominiums
  • County: Knox County - 1
  • MLS area: Knox County - 1
  • Region: Knoxville
HOA
  • Has HOA: Yes
  • HOA fee: $463 monthly
  • Includes: Building Exterior, Association Ins, Sewer, Grounds Maintenance, Water
Financial & listing details
Financial
  • Price: $965,000
  • Price per square foot: $663/sqft
  • Annual tax: $4,232.65
  • Listing terms: Other, Cash, Conventional
Listing
  • Date on market: May 20, 2026
  • Days on market: 47
  • Status: Active
  • MLS #: 1341587

Location

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