116 S Gay St Unit 307, Knoxville, TN 37902
- $620,000
- 3
- BD
- 2
- BA
- 1,260
- SqFt
- Sold Price
- $620,000
- List Price
- $640,000
- Closing Date
- Nov 18, 2025
- MLS#
- 1316041
- Status
- CLOSED
- Type
- Condo
- City
- Knoxville
- County
- Knox
- Bedrooms
- 3
- Bathrooms
- 2
- Living Area
- 1,260
- Year Built
- 1920
Property Description
** Unit is sold furnished! One of the best values downtown for a 3 bedroom! Welcome to urban living at its finest in this industrial style minimalistic 3-BR, 2-BTH condo located in the heart of Downtown Knoxville. Nestled in the historic Sterchi Lofts, this home puts you within walking distance of the Tennessee Theatre, Market Square, the Old City, and the exciting new Smokies baseball stadium. You're also just minutes from the University of Tennessee campus and the vibrant South Knoxville riverfront. The unit is wired for AT&T fiber optic, ideal for remote work or streaming. Residents enjoy access to the on-site fitness center and a rooftop deck offering stunning views of the Knoxville skyline, the Great Smoky Mountains, and the new baseball stadium. Enjoy the ultimate downtown lifestyle with Knoxville's best restaurants, bars, and entertainment right outside your door. Outdoor lovers will appreciate being near over 30 miles of greenways, boating and kayaking at Volunteer Landing, as well as the trails, boardwalks, and quarry at Ijams Nature Center. Don't miss this opportunity to own to join the thriving downtown community and enjoy all the perks city life has to offer. *Additional storage units are available to rent in the building for added convenience. Buyers to verify square footage. Current tenant graduates in May. Sellers are looking to find a Buyer willing to close May or June 2026.
Additional Information
- Acres
- 0.03
- Community Amenities
- Elevator(s), Storage
- Appliances
- Dishwasher, Disposal, Microwave, Range, Self Cleaning Oven
- Construction
- Block, Steel Frame, Brick, Metal Siding
- Cooling
- Central Air
- Floors
- Other
- Garage
- On Street, Off Street, Other
- Living Area
- 1,260
- Lot Description
- Other
- Style
- Historic
- View
- Mountain View, City
- Year Built
- 1920
- Restrictions
- Yes
- Hoa Fees
- $315
- Hoa Freq
- Monthly
- Association Fee Incl
- Association Ins, Building Exterior, Grounds Maintenance, Pest Control, Trash, Some Amenities, Fire Protection
- Water
- Public
- Sewer
- Public Sewer
- Unit
- 307
- Heating
- Central, Electric
- Num Of Rooms
- 5
- Restrictions
- Yes
- Hoa
- Mandatory
Automated home estimates are a starting point, not a final answer. National websites do not know if your roof is five years old or twenty-five. They do not understand the value of a good piece of land in East Tennessee. At Real Estate Concepts, we combine instant data with actual local expertise to give you a valuation you can trust.
How It Works
Step 1: Tell us your address. Fill in the form — name, phone, email, and your property address.
Step 2: A local expert personally checks it. The number you see right away is your first-look value from a computer. Then one of our local East Tennessee experts personally checks it against real sold homes near you — the comps an algorithm can't weigh, like condition, updates, and your street. That personal check is the CMA.
Step 3: We talk through the real number. We'll walk you through what your home would actually sell for and what we'd do to get it — no obligation, and if the timing's wrong, we'll say so.
Frequently Asked Questions
Q: How is this different from a standard online estimate?
A: Speed and accuracy. You get immediate data from our system, backed up by a manual review from a local expert who knows the area roads and market trends.
Q: Is there a fee for this service?
A: No. We provide free valuations as a service to our East Tennessee community. There is no obligation to list with us.
Q: What areas do you cover?
A: Our agents live and work across East Tennessee, covering Morgan, Roane, Anderson, Scott, Claiborne, and Grainger counties and beyond.
Q: Do you have to visit my property in person?
A: Not for the initial valuation. We can run the numbers based on public records and recent local sales. In-person visits are available if you want a highly precise listing price.
Real Estate Concepts | Office: (423) 346-5800 — Or reach David Millard directly: Call or text (865) 951-9578
Mortgage Calculator
Listing courtesy of Terminus Real Estate, Inc.. Selling Office: .
Agent: Joe Consumo |
Office: Terminus Real Estate, Inc. |