Listing provided by: Melinda Grimac · Alliance Sotheby's International
Source: East Tennessee REALTORS® MLS · MLS# 1307257
Listing last updated
About this home
The 50 apartments in the Medical Arts Building (MAB) are being converted into condominiums and are now offered for the first time as a purchase option! New owners will enjoy the fantastic location between the downtown core and The University of Tennessee. All units are conveyed with a washer/dryer set and all major kitchen appliances. Tile flooring, remodeled bathrooms, granite countertops, stainless steel appliances in the open kitchens, and plenty of natural light create a comfortable living area. Unit sizes vary from 515 square feet to 2,101 square feet. No short-term rentals are permitted. The minimum lease term will be 180 days. The MAB, an ornate Gothic Revival style building built in 1932 by Lexington, Kentucky architecture firm Manley and Young, was placed on the National Register of Historic Places on May 24, 1984. Originally planned as a 13-story building, the plans were scaled back due to the Great Depression to what we see today as a 10-story high rise, including the attached 4-story parking garage. Owners will have the opportunity to purchase parking in the private, interior garage. The decorative terra cotta and dark green spandrel panels on the exterior of the East and South facing facades show the attention to detail, which was rarely seen in the southeast at that time. The MAB was once home to a pharmacy, a bank, a beauty shop, a florist, and several restaurants. A bowling alley and a putt-putt golf course also entertained tenants and visitors! The building experienced its share of hardships. In 1985, it was completely renovated and once again became a favorite location for many well-known doctors, dentists, attorneys, accountants, and other professionals. Thomas B. Grace, a real estate investor from Chicago, purchased the building in 2006. The plan was to leave it as a multi-tenant office building for many years, but the recession changed everything. It was agreed that the highest and best use for the building was a conversion to residential. The building conversion was completed in April 2014. Now, a new generation of people call the Medical Arts Building home!
Facts & features
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
- Half bathrooms: 0
- Heating: Central, Electric
- Cooling: Central Cooling, Ceiling Fan(s)
- Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer, Other
- Features: Eat-in Kitchen
- Flooring: Tile
- Windows: Windows - Wood, Windows - Insulated
- Basement: Other
- Total rooms: 3
- Total interior livable area: 822 sqft
- Parking features: Attached, Other
- Attached garage: Yes
- Size: 0.49 acres · 15,373.67 sqft
- Dimensions: 74.33 x 206.83 x IRR
- Features: Corner Lot
- View: Other, City
- Parcel number: 094MD004
- Tax lot: ---
- Home type: Single Family
- Property subtype: Condominium
- Structure: High Rise
- Architectural style: Other, Historic
- Materials: Other, Stone, Brick, Block
- Year built: 1930
- Sewer: Public Sewer
- Water: Public
- Security: Smoke Detector
- Subdivision: The Medical Arts Building
- County: Knox County - 1
- MLS area: Knox County - 1
- Region: Knoxville
- Has HOA: Yes
- HOA fee: $260.99 monthly
- Includes: Pest Contract, Fire Protection, Building Exterior, Association Ins, Security, Grounds Maintenance
- Price: $459,000
- Price per square foot: $558/sqft
- Annual tax: $0
- Listing terms: Cash, Conventional
- Date on market: Jul 5, 2025
- Days on market: 367
- Status: Active
- MLS #: 1307257
Location
ListMyHomes.com is a neutral facilitator — we don't represent buyers or sellers or show homes ourselves. We connect you with a licensed local agent to tour or make an offer. You pay us nothing to be connected; if a transaction results, ListMyHomes.com may receive a referral fee from the agent's brokerage — never from you.
