$10,000 Closing Credit¹
#305811, Listing Office: Tennessee Elite Realty
$995,000 List price
416 S Gay St Unit 303 Knoxville, TN 37902
$10,000
Closing credit¹
2 beds
2 full
1,761 sqft
0.04 acres
$565 / sqft
Condo
Property details
About 416 S Gay St Unit 303
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.
Highlights
Home typeCondominium
HeatingHeat Pump, Natural Gas, Electric
StatusSale Pending
(Pending - Continue to Show)
(Pending - Continue to Show)
CoolingCentral Air, Ceiling Fan(s)
Size1,761 sqft
Lot size0.04 Acres
Year built1905
ParkingOn-Street Parking, Other
MLS #1297385
WaterfrontOther
ViewCity
Summary
- Full Bathrooms: 2
- Appliances: Gas Cooktop, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer
- Basement: No
- Flooring Type: Other, Hardwood, Tile
- Interior: Walk-In Closet(s), Kitchen Island, Breakfast Bar, Eat-in Kitchen
- Fireplace: None
- Total Bedroom Count: 2
- Attached Garage: No
- Parking: On-Street Parking, Other
- Waterfront: Other
- View: City
- Exterior: Windows - Vinyl
- Architectural Style: Other, Contemporary, Historic
- Heating: Heat Pump, Natural Gas, Electric
- Cooling: Central Air, Ceiling Fan(s)
- List Price: $995,000
- Price/SqFt: $565
- HOA Amount: $504
- HOA Frequency: Monthly
- Lot: Other
- Directions: From Knoxville, take I-40E to exit 388 toward Downtown; take the TN-62/Western Ave exit toward Summit Hill Drive; turn right onto Gay Street; J.C. Penney building is on your left. *Use street parking or Promenade parking back parking lot/garage.*
- Year Built: 1905
- Living Area: 1,761 SqFt
- Lot Size: 0.04 Acres
- MLS Number: 1297385
- MLS Name: East Tennessee REALTORS® MLS
- Office Name: The Price Agency, Realty Executives
- Office Phone: (865) 999-7272
- Office Email: saraprice1@gmail.com
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively 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. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.
The Knoxville Area Association of REALTORS® Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.
Information deemed reliable but not guaranteed. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
Copyright © 2025 Knoxville Area Association of REALTORS® Multiple Listing Service.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/16/2025, 3:20:37 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$995,000
416 S Gay St Unit 303
$10,000
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
2
Green Magnet Academy
Public Magnet KG-5
0.4 mi
•801 Lula Powell Dr
7
South Knox Elementary School
Public District PK-5
0.8 mi
•801 Sevier Ave
3
Maynard Elementary School
Public District PK-5
1.2 mi
•737 College St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $27,647. The most common annual income of people living in Knoxville, TN is less than $<35k. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
55%
<35k
35%
35k-100k
10%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
87%
Single, No Kids
1%
Single, with Kids
10%
Married, No Kids
2%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
3%
<11 yrs old
1%
12-17 yrs old
52%
18-34 yrs old
38%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
NBA/WNBA
Major League Soccer (MLS)
Yoga/pilates
Where do the neighbors shop?
Express/Express For Men
Banana Republic
H&M
Where do the neighbors go to eat?
Starbucks
Sonic
Dominos Pizza
What do the neighbors drive?
Pontiac
Infiniti
Audi
What do the neighbors listen to?
Urban Contemporary
Alternative
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 416 S Gay St Unit 303
The listing price of 416 S Gay St Unit 303 property is $995,000.
The property 416 S Gay St Unit 303 is a condo located in Knoxville, Tennessee, 37902.
Sale Pending: 416 S Gay St Unit 303 is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.
The nearby schools for 416 S Gay St Unit 303 are: Green Magnet Academy (GreatSchools Rating 2/10), South Knox Elementary School (GreatSchools Rating 7/10), Maynard Elementary School (GreatSchools Rating 3/10), Emerald Academy (GreatSchools Rating 4/10), Vine Magnet Middle School (GreatSchools Rating 2/10), South-Doyle Middle School (GreatSchools Rating 4/10), L N STEM Academy (GreatSchools Rating 9/10), Fulton High School (GreatSchools Rating 3/10), Austin-East Magnet High School (GreatSchools Rating 2/10).
The property at 416 S Gay St Unit 303 has 2 bedrooms and 2 bathrooms.
The property 416 S Gay St Unit 303 is 1,761 SqFt (source: MLS/tax record).
The year of construction for 416 S Gay St Unit 303 is 1905.
This home is located at 416 S Gay St Unit 303 in Knoxville, TN and zip code 37902 in the Downtown neighborhood. This 1,761 square foot home, which was built in 1905, sits on a 0.04 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 15, 2025 and is currently priced at $995,000.
While more than 100 listings in Knoxville, TN in April 2025 were sold above asking price, there were more than 106 listings sold at asking price, and more than 216 were sold below. In April 2025 in Knoxville, TN there were 6.5% more homes for sale than in March. The median list price of listings available in April 2025 was $384,666, while the average time on the real estate market was 42 days.
From Rocket Homes Real Estate and based on county public records data.