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Active 83 days on market

416 S Gay St 204

Knoxville, TN 37902 · Jc Penney Condo · Knox County

$939,000

$6,000 price cut · Aug 21

Beds
2
Baths
2
Sq ft
1,456
Acres
0.03
Built
1905

Listing courtesy of Alliance Sotheby's International Realty · MLS #1350838

Description

Experience urban living at its finest in Unit 204 of the iconic JC Penney Building, located in the heart of downtown Knoxville's vibrant Historic Gay Street district. This beautifully appointed 2-bedroom, 2-full-bath residence blends historic character with modern comfort, offering an exceptional opportunity to own a piece of Knoxville's rich architectural heritage. Situated within one of downtown's most recognizable landmarks, the condo features soaring ceilings, expansive windows that fill the space with natural light, and an open-concept layout designed for both everyday living and entertaining. Historic architectural details are thoughtfully preserved, creating a unique atmosphere that reflects the building's storied past while providing the conveniences of contemporary living. Elevator access offers added convenience and easy accessibility to the residence. Located directly above Maple Hall, one of downtown Knoxville's premier boutique bowling and entertainment destinations, the property places residents in the center of the city's dynamic energy while maintaining the privacy and comfort of an upscale residential retreat. Step outside your door and enjoy walkable access to Knoxville's premier restaurants, theaters, galleries, shops, and entertainment venues. Just moments from Market Square, the Tennessee Theatre, and the University of Tennessee campus, this location places the very best of downtown Knoxville within easy reach. Whether you're seeking a primary residence, a downtown retreat, or an investment opportunity, this unique find offers a rare combination of history, location, and urban sophistication in one of Knoxville's most sought-after addresses.

Details

Home

Type
Residential · Condominium
Style
Other
Year built
1905
Living area
1,456 sq ft
Bedrooms
2
Bathrooms
2 full

Interior

Rooms
Laundry/Utility
Flooring
Tile, Hardwood
Appliances
Dishwasher, Disposal, Microwave, Range, Refrigerator, Washer, Dryer
Features
Eat-in Kitchen, Breakfast Bar, Walk-In Closet(s)
Also
Washer/Dryer Connect, Walk-In Closet(s), Walk-in Shower, Wired for Internet

Exterior

Construction
Brick
Architecture
Historic

Land

Lot size
0.03 acres
Deed restrictions
Yes
Permitted use
Permanent residence

Utilities

Water
Public
Sewer
Public sewer
Heating
Central, Heat Pump, Electric

Listing

MLS #
1350838
Status
Active
On market
83 days
Listed
Aug 6, 2026
Finances
Property tax
City + county
Inside city limits
HOA
$463/mo
Mandatory dues
Price per sq ft
$645
1,456 sq ft

Price history

Aug 21, 2026
Price cut
$939,000 −$6,000
Before
Listed
$945,000

Accepted

  • Cash
  • Conventional
  • Second Mortgage
  • New Loan

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Location
Neighborhood
Jc Penney Condo
County
Knox
ZIP
37902

Drive times

  • downtown Knoxville 5 min
  • UT Medical Center 10 min
  • McGhee Tyson Airport 25 min
  • Pellissippi State 25 min
  • Turkey Creek 25 min
  • Maryville 30 min
Approximate, by road

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Listing courtesy of Alliance Sotheby's International Realty. Listings courtesy of East Tennessee Realtors. Presented by Realty Executives Associates, (865) 983-0011. MLS # 1350838.