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Melissa Davis
REALTOR®, #351713
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416 S Gay St, Knoxville, TN 37902

Sold: $995,000
Sold on: Jun 16th, 2025
$ Per Square Foot: $565
Sold: $995,000
Sold on: Jun 16th, 2025
$ Per Square Foot: $565
BEDS2 BATHS2 full SQUARE FEET1,761 MLS#1297385
STATUSClosed PROPERTY TYPEResidential - Condominium SUBDIVISIONJc Penney Condo Unit 303


Property Description

Welcome to desirable DOWNTOWN LIVING in the historic JC Penney Building! This iconic building was revitalized in 2016 making it a vibrant mixed-use development. This incredible location is the heart of Downtown Knoxville. Gay Street is centrally located between the Theatre District, Tennessee River, Market Square, and the Old City which offers easy access to restaurants, bars, shopping, theaters, and a multitude of local events, giving you the complete urban experience. The building features 17 residences, along with Maple Hall Bowling Lanes and Babalu Tacos & Tapas. This beautifully designed 2 BR, 2 BA residence with 1,761 SF includes a spacious open concept with large windows, high ceilings, gleaming hardwoods, exposed brick walls, original beams, stylish cabinetry, ample concrete countertops, and stainless steel appliances. The owner's suite has luxury features such as tiled walk-in shower, soaker tub with marble tile surround, walk-in closet and double floating vanity. This remarkable loft has been completely renovated, and combines modern and semi-industrial styles while preserving its historic charm. This is not only a fantastic investment, it's a lifestyle endeavor. Public parking is available on street, and in the Promenade Garage directly behind the building, as well as in the nearby city-owned State Street Garage (parking is free on nights and weekends). Learn more at https://www.jcpenneyboa.com.

Property Features

Cooling: Central Cooling, Ceiling Fan(s)
Days on Market: 58
Fireplaces: 1
Fuel Type: Electric, Gas
Heating: Heat Pump, Natural Gas, Electric
Lot Size: 0.04 Acres
Year Built: 1905

Amenities

Walk-In Closet(s)
Kitchen Island
Breakfast Bar
Eat-in Kitchen
Windows - Vinyl

Feature Descriptions

Appliances: Gas Cooktop, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer
Association/Condo Fee: 504.32/Monthly
Association Amenities: Elevator, Security, Other
Community Features: Sidewalks
Exterior: Brick, Block
Flooring: Other, Hardwood, Tile
HOA Y/N: Yes
Lot: Other
Parcel #: 095IA03701K
Parking: On-Street Parking, Other
Security Features: Smoke Detector
Sewer: Public Sewer
Special View Info: City
SQFT Total: 1761
Utilities: Cable Available (TV Only)
View: City
Water: Public

Local Schools

Elementary School: Sequoyah

Listed By / Sold By

Listed By

Agency Name: The Price Agency, Realty Executives

Shown By

Agent Name: Melissa Davis
Agent Phone: (865) 207-1984
Agency Title: Ferguson Realtors

Sold By

Agency Name: Gables & Gates, REALTORS
Agency Phone: 865-777-9191
Agent Name: Buck Young

TREC # 15429 Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 05/21/2026. The listing information on this page last changed on 05/21/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 05/21/2026 1:07:46 PM EST) or East Tennessee REALTORS (last updated Thu 05/21/2026 1:05:42 PM EST). Real estate listings held by brokerage firms other than Ferguson Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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