About 416 S Gay St
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.
Features of 416 S Gay St
| MLS® # | 1297385 |
|---|---|
| Price | $995,000 |
| Bedrooms | 2 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,761 |
| Acres | 0.04 |
| Year Built | 1905 |
| Type | Single Family |
| Sub-Type | Condominium |
| Style | Other, Contemporary, Historic |
| Status | Active |
Community Information
| Address | 416 S Gay St |
|---|---|
| Area | Knox County - 1 |
| Subdivision | Jc Penney Condo Unit 303 |
| City | Knoxville |
| County | Knox County - 1 |
| State | TN |
| Zip Code | 37902 |
Amenities
| Amenities | Elevator, Security, Other |
|---|---|
| Utilities | Cable Available (TV Only) |
| Features | Internet Available,Island in Kitchen,Walk-in Closets,Walk-in Shower,WasherDryer Connect |
| Parking | On-Street Parking, Other |
| View | City |
| Has Pool | No |
Interior
| Interior Features | Island in Kitchen, Walk-In Closet(s), Breakfast Bar, Eat-in Kitchen |
|---|---|
| Appliances | Gas Cooktop, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer |
| Heating | Heat Pump, Natural Gas, Electric |
| Cooling | Central Cooling, Ceiling Fan(s) |
| Fireplace | No |
| Fireplaces | None |
| Has Basement | No |
| Basement | None |
Exterior
| Exterior | Brick, Block |
|---|---|
| Exterior Features | Windows - Vinyl |
| Lot Description | Other |
| Construction | Brick, Block |
School Information
| Elementary | Sequoyah |
|---|
Additional Information
| Date Listed | April 15th, 2025 |
|---|---|
| Days on Market | 7 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | The Price Agency, Realty Executives |
|---|