116 S Gay St Unit 503, Knoxville, TN 37902
- $515,000
- 2
- BD
- 1
- BA
- 900
- SqFt
- Sold Price
- $515,000
- List Price
- $515,000
- Closing Date
- May 15, 2025
- MLS#
- 1292569
- Status
- CLOSED
- Type
- Condo
- City
- Knoxville
- County
- Knox
- Bedrooms
- 2
- Bathrooms
- 1
- Living Area
- 900
- Lot Size
- 871
- Year Built
- 1920
- DOM
- 68
Property Description
Experience the best of modern urban living at Sterchi Lofts! This stunning 2-bedroom, 1-bath condo on the 5th floor offers breathtaking views and a vibrant downtown lifestyle. The expansive window in the main living area—stretching nearly floor to ceiling and wall to wall—floods the open floorplan with natural light and provides the perfect vantage point for watching beautiful sunsets, parades, and events like the monthly First Friday celebration on the 100 block of the Historic Arts District. Originally the headquarters of Sterchi Brothers Furniture, once the largest wholesale furniture distributor in the Southeast, this historic building was transformed into 100 residences in 2002 and underwent further renovations from 2016 to 2022. During that renovation, the unit was thoughtfully updated with energy-efficient appliances, quartz countertops, a stainless-steel kitchen sink, designer lighting, an upgraded HVAC system, modern plumbing fixtures, and Roca Spanish tile in the shower. The current owners have enhanced it even further, adding custom-built wardrobes in both bedrooms, high-end remote-controlled electric blinds, sliding barn-style doors, and a spacious kitchen island with additional storage. Residents of Sterchi Lofts enjoy premium amenities, including a 24-hour fitness center, rentable storage, and a rooftop patio with breathtaking panoramic views of the city skyline and the Great Smoky Mountains. Knoxville continues to thrive, recently ranked among the most desirable cities to live in by U.S. News & World Report (2024). Exciting developments like the new baseball stadium opening in 2025 and the upcoming Neyland Entertainment District will further elevate downtown's appeal. With award-winning restaurants, art galleries, live music, and entertainment all within walking distance, this is the perfect place to call home. Schedule your showing today! **Buyer to verify sq ft, taxes, and HOA
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Additional Information
- Acres
- 0.02
- Community Amenities
- Elevator
- Appliances
- Dishwasher, Disposal, Microwave, Range, Refrigerator, Self Cleaning Oven
- Construction
- Steel, Brick, Metal Siding
- Cooling
- Central Cooling
- Floors
- Other
- Garage
- On-Street Parking, Off-Street Parking, Other
- Living Area
- 900
- Lot Description
- Other
- Style
- Historic
- Subdivision
- Sterchi Lofts Condos Unit 503
- View
- Mountain View, City
- Year Built
- 1920
- Restrictions
- Yes
- Hoa Fees
- $229
- Hoa Freq
- Monthly
- Association Fee Incl
- Pest Contract, Fire Protection, Building Exterior, Association Ins, Trash, Some Amenities, Grounds Maintenance
- Water
- Public
- Sewer
- Public Sewer
- Unit
- 503
- Heating
- Central, Electric
- Num Of Rooms
- 4
- Restrictions
- Yes
- Hoa
- Mandatory
Mortgage Calculator
Agent: Joe Consumo |
Office: Terminus Real Estate, Inc. |
Selling Office: .