416 S Gay St 204, Knoxville, TN 37902

$965,000

Property Type: Single Family Bedrooms: 2 Square Footage: 1,456 Status: Active

Current Price: $965,000 List Date: 5/20/2026 Last Modified: 7/27/2026

Overview

Description

This impressive loft seamlessly blends modern sophistication with refined industrial design while preserving the historic character of the building through rustic exposed brick, textured plaster walls, and original exposed beams. This stunning two-bedroom residence features an expansive great room with soaring ceilings, oversized windows, and a Juliet-style balcony that fills the space with natural light. The open-concept dining area flows effortlessly into the beautifully appointed kitchen, complete with concrete countertops, sleek cabinetry, and stainless steel appliances. Additional highlights include generous closet space, a separate laundry room, controlled elevator access, and secure fob/code entry from both the Gay Street entrance and the rear entrance through the attached Promenade Garage. Originally constructed around 1905, the iconic JC Penney Building was thoughtfully redeveloped in 2016 into an exceptional mixed-use property featuring just 17 private residences abo ... (Read more) This impressive loft seamlessly blends modern sophistication with refined industrial design while preserving the historic character of the building through rustic exposed brick, textured plaster walls, and original exposed beams. This stunning two-bedroom residence features an expansive great room with soaring ceilings, oversized windows, and a Juliet-style balcony that fills the space with natural light. The open-concept dining area flows effortlessly into the beautifully appointed kitchen, complete with concrete countertops, sleek cabinetry, and stainless steel appliances. Additional highlights include generous closet space, a separate laundry room, controlled elevator access, and secure fob/code entry from both the Gay Street entrance and the rear entrance through the attached Promenade Garage. Originally constructed around 1905, the iconic JC Penney Building was thoughtfully redeveloped in 2016 into an exceptional mixed-use property featuring just 17 private residences above Maple Hall, Knoxville's renowned 'spirited bowling experience.' Ideally situated in the heart of Downtown Knoxville's Theater District, the JC Penney Lofts are just one block from Market Square and Krutch Park. Step outside to enjoy some of the city's finest restaurants, cafés, farmers markets, entertainment venues, fitness studios, and art galleries. Nearby attractions also include World's Fair Park and its greenway system, the University of Tennessee, Covenant Health Park, Emory Place, Downtown North, the PetSafe Dog Park, and the South Waterfront--placing the very best of downtown living just moments from your front door. Public parking with EV charging stations is conveniently available in the attached Promenade Garage directly behind the building, as well as the nearby State Street Garage, where parking is currently free on evenings and weekends. Approximate square footage is based on Courthouse Retrieval Records and is an estimate only. Buyer to verify square footage, taxes, and HOA fees, as all are subject to change.

Listing Details MLS# 1341587

Location Tax Legal Info

House #: 416
St Dir: S
Street Name: Gay
St Suffix: St
State/Province: TN
Zip Code: 37902
PIN #: 095IA03701E
Subdivision: JCPenny Building Condominiums

Contract Info

Auction Y/N: No
Listing Price: 965000
Occupancy: Permanent Residence

General Property Description

Type: Other
Acre Source: Tax Records
Site Built: Yes
Restrictions: Yes
SqFt - Total (Aprox): 1456
SqFt - Main Lvl: 1456
# Bedrooms: 2
Baths - Full: 2
# of Rooms: 5
Fireplace: No
Property Status: N/A
HOA: Mandatory
HOA Fee: 463
HOA Freq: Monthly
HOA Contact: Realty Resource Systems - 423-329-5242
Position of Unit: 2nd Floor East
Year Built: 1905
Bonus Room: No
Extra Storage: No
SqFt - Down Lvl: 0
SqFt - 2nd Flr Lvl: 0
SqFt - 3rd Flr Lvl: 0
# Fireplace: 0
Basement: No

Status Change Info

Status Change Date: 2026-05-20

Location, Tax & Legal Info

Unit #: 204
Area: Knox County - 1
Property Sub-Type: Condominium
Community: Downtown
City/County Code: City Limits
Total Tax: 4232.65

Remarks & Misc

Directions: Located on the vibrant 400-Block of Gay Street above Maple Hall (bowling and spirits), across from the famed Cruze Farm Dairy and adjacent to Mast General Store. Public parking is available in the Promenade Garage directly behind the building and in the nearby State Street Garage.
Public Remarks: This impressive loft seamlessly blends modern sophistication with refined industrial design while preserving the historic character of the building through rustic exposed brick, textured plaster walls, and original exposed beams. This stunning two-bedroom residence features an expansive great room with soaring ceilings, oversized windows, and a Juliet-style balcony that fills the space with natural light. The open-concept dining area flows effortlessly into the beautifully appointed kitchen, complete with concrete countertops, sleek cabinetry, and stainless steel appliances. Additional highlights include generous closet space, a separate laundry room, controlled elevator access, and secure fob/code entry from both the Gay Street entrance and the rear entrance through the attached Promenade Garage. Originally constructed around 1905, the iconic JC Penney Building was thoughtfully redeveloped in 2016 into an exceptional mixed-use property featuring just 17 private residences above Maple Hall, Knoxville's renowned 'spirited bowling experience.' Ideally situated in the heart of Downtown Knoxville's Theater District, the JC Penney Lofts are just one block from Market Square and Krutch Park. Step outside to enjoy some of the city's finest restaurants, cafés, farmers markets, entertainment venues, fitness studios, and art galleries. Nearby attractions also include World's Fair Park and its greenway system, the University of Tennessee, Covenant Health Park, Emory Place, Downtown North, the PetSafe Dog Park, and the South Waterfront--placing the very best of downtown living just moments from your front door. Public parking with EV charging stations is conveniently available in the attached Promenade Garage directly behind the building, as well as the nearby State Street Garage, where parking is currently free on evenings and weekends. Approximate square footage is based on Courthouse Retrieval Records and is an estimate only. Buyer to verify square footage, taxes, and HOA fees, as all are subject to change.

More Information

Atchd/Dtchd Type

Attached: Yes

Style

Historic: Yes
Other: Yes

Construction

Brick: Yes
Other: Yes

Siding

Brick: Yes
Other: Yes

Fireplace

None: Yes

Cooling

Ceiling Fan(s): Yes
Central Cooling: Yes

Floors

Hardwood: Yes
Tile: Yes

Garage/Parking

Other: Yes

Basement

Other: Yes

Lot Description

Other: Yes

Fuel

Electric: Yes

View

City: Yes

Heat

Central: Yes
Heat Pump: Yes

Community Amenities

Elevator: Yes

Dining Area

Breakfast Bar: Yes
Kitchen/Dining Rm Co: Yes
Living Rm/Dining Rm: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Other Rooms

Laundry/Utility: Yes

Exterior Features

Windows - Insulated: Yes

Misc Features

Walk-in Shower: Yes
Walk-In Closet(s): Yes
Washer/Dryer Connect: Yes
Wired for Internet: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

Association Fee Incl

Association Ins: Yes
Building Exterior: Yes
Grounds Maintenance: Yes
Sewer: Yes
Water: Yes

New Financing

Cash: Yes
Conventional: Yes
Other: Yes

Showing

See Agent Instructns: Yes

Property Features

Style: Historic; Other Construction: Brick; Other Siding: Brick; Other Basement: Other Lot Description: Other Fireplace: None Floors: Hardwood; Tile Fuel: Electric Heat: Central; Heat Pump Cooling: Ceiling Fan(s); Central Cooling Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer Sewer: Public Sewer Water: Public Other Rooms: Laundry/Utility Misc Features: Walk-in Shower; Walk-In Closet(s); Washer/Dryer Connect; Wired for Internet Exterior Features: Windows - Insulated Dining Area: Breakfast Bar; Kitchen/Dining Rm Co; Living Rm/Dining Rm Community Amenities: Elevator Association Fee Incl: Association Ins; Building Exterior; Grounds Maintenance; Sewer; Water Showing: See Agent Instructns New Financing: Cash; Conventional; Other

IDX

Listing Office: Downtown Realty, Inc.

Last Updated: July - 27 - 2026

The data relating to real estate for sale on this Web Site comes from the IDX Program of the East Tennessee REALTORS® Multiple Listing Service. © Copyright 2026 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. 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.

416 S Gay St 204, Knoxville, TN 37902 (MLS# 1341587)