603 W Main St # 206 Knoxville, TN $ 415,000
603 W Main St # 206
$ 415,000
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603 W Main St # 206

Knoxville, TN, 37902
$ 415,000
Bedrooms1 Baths1.0 Sq 727

Monthly Estimate*

$ 2,485

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Condo for sale in Knoxville, TN

for $415,000 with 1 bedroom and 1 full bath. This 727 square foot condo was built in 1930 on a lot size of 0.35.

The 50 apartments in the Medical Arts Building (MAB) are being converted into condominiums and are now offered for the first time as a purchase option! New owners will enjoy the fantastic location between the downtown core and The University of Tennessee. All units are conveyed with a washer/dryer set and all major kitchen appliances. Tile flooring, remodeled bathrooms, granite countertops, stainless steel appliances in the open kitchens, and plenty of natural light create a comfortable living area. Unit sizes vary from 515 square feet to 2,101 square feet. No short-term rentals are permitted. The minimum lease term will be 180 days. The MAB, an ornate Gothic Revival style building built in 1932 by Lexington, Kentucky architecture firm Manley and Young, was placed on the National Register of Historic Places on May 24, 1984. Originally planned as a 13-story building, the plans were scaled back due to the Great Depression to what we see today as a 10-story high rise, including the attached 4-story parking garage. Owners will have the opportunity to purchase parking in the private, interior garage. The decorative terra cotta and dark green spandrel panels on the exterior of the East and South facing facades show the attention to detail, which was rarely seen in the southeast at that time. The MAB was once home to a pharmacy, a bank, a beauty shop, a florist, and several restaurants. A bowling alley and a putt-putt golf course also entertained tenants and visitors! The building experienced its share of hardships. In 1985, it was completely renovated and once again became a favorite location for many well-known doctors, dentists, attorneys, accountants, and other professionals. Thomas B. Grace, a real estate investor from Chicago, purchased the building in 2006. The plan was to leave it as a multi-tenant office building for many years, but the recession changed everything. It was agreed that the highest and best use for the building was a conversion to residential. The building conversion was completed in April 2014. Now, a new generation of people call the Medical Arts Building home! Building history: The Medical Arts Building, an ornate Gothic Revival style building built in 1932 by Lexington, Kentucky architecture firm Manley and Young, was placed on the National Register of Historic Places May 24, 1984. Originally planned as a 13-story building, the plans were scaled back due to the Great Depression to what we see today as a 10-story high rise, including the attached 4-story parking garage. The decorative terra cotta and dark green spandrel panels on the exterior of the East and South facing facades clearly shows the attention to detail, which was rarely seen anywhere else in southeast at that time. The Medical Arts Building was once home to a pharmacy, a bank, a beauty shop, a florist, and several restaurants. A bowling alley and a putt-putt golf course also entertained tenants and visitors! The building went through its share of hard time and in 1985 a complete renovation of the building was done and once again became a favorite location for many well-known doctors, dentists, attorneys, accountants and other professionals. Thomas B. Grace, a real estate investor from Chicago, purchased the building in 2006. The plan was to leave the building as a multi-tenant office building for many years but the recession changed everything. It was agreed that the highest and best use for the building was a conversion to residential. The building conversion was completed in April 2014. Now, a new generation of people call the Medical Arts Building home! Fast forward to October 2024. The apartments are being converted into condominiums and will be sold individually. New owners will continue to enjoy the fantastic location in between the downtown core and The University of Tennessee. All units convey with a washer/dryer set and all major kitchen appliances. Parking spaces in the interior private garage

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Condo Active

Price

$ 415,000

Bedrooms

1

Full Bath

1

Property Type

Condo

Taxes

$ 0

Style

Historic

Lot Size

0.35

Year Built

1930

Town/City

Knoxville

County/Region

Knox

MLS | Web ID

1279781

Features
General
Interior Features Eat-in Kitchen
Sewer Public Sewer
Heating Central Electric
Cooling Central Cooling Ceiling Fan(s)
Appliances Dishwasher Disposal Dryer Microwave Range Refrigerator Washer Other
Exterior Features Windows - Insulated
Association Fee Includes Fire Protection Building Exterior Association Ins Security Grounds Maintenance Pest Contract
Architectural Style Other Historic
Construction Materials Stone Other Cement Siding Brick Block
Year Built 1930
View Mountain View City Lake
Unit Number 206
Building Design Condominium
Assoc Fee Paid Per Monthly
County Knox County - 1
Property Type Single Family
Association Amenities Elevator(s) Storage
HOA Y
Attached Garage Y
Subdivision Name The Medical Arts Building
Garage Y/N N
Total Rooms 2
Full Baths 1
Status Active
Directions Property is on the corner of Main St and Locust St downtown Knoxville. Street parking is available.
City Knoxville
MLS Area Knox County - 1
Lot Size Units Acres
Lot Size Square Feet 15373.67
Carport Y/N N
Electric On Property Y/N N
Property Attached Y/N Y
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
MLS Area Minor Knox County - 1
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Senior Community None
New Financing Cash True
New Financing Coventional True
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Interior
Basement Other
Flooring Tile
Total Fireplaces 0
Fireplace Features None Other
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Half Baths 0
Total Bedrooms 1
Total Baths 1
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Exterior
Parking Features Attached Other
Lot Features Corner Lot
Water Source Public
Lot Size Area 0.35
Spa N
Building Area Total 727.0
Lot Dimensions 74.33 x 206.83 x IRR
Lot Size Acres 0.35
Lot Size Source Other
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 603
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* Excluded Features
List By
Melinda Grimac

Listing Agent

Alliance Sotheby's Internation

Broker

melinda.grimac@sothebysrealty.com

Email

Affordability Calculator

$2,485
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Monthly Principal & Interest
$2,485
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Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
694100 Elementary School
694101 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/17/2024$415,000 Listed Price

Map


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603 W Main St # 206, Knoxville, TN, 37902 is a Condo for sale at $415,000 with 727 sqft and a lot size of 0.35. 603 W Main St # 206 has 1 bedrooms, 1.0 baths, and was built in 1930. The property's zip code is 37902 which is in Knoxville, TN