USATNKnoxvilleMedical Arts Building Condominium103-603 W Main St

103-603 W Main St, Knoxville, TN

Name: 103 - 603 W Main St, For Sale in Knoxville - eXp Realty
Brand: Alliance Sotheby's International
SKU: 1289346
Price: 989000 USD

Condo

For Sale

Listed price in listed location currency (USD).

$989,000

120

MLS® 1289346

Key Facts
Description
Map

Key Facts

Type Condominium

Levels Residential

Size -

Garage

HOA Fees $667

Taxes

Days Active 456

Approx. Age 1930

MLS® Number 1289346

Property Address: 103-603 W Main St, Knoxville, TN, 37902-2604

Average square foot calculated using Size range provided by listing agent.

Description

APPROVED FOR Short Term Rental STATUS ''The Revival'' unit in the Medical Arts Building Condominium is a unique opportunity to own a multi-use property in downtown Knoxville. With a variety of options such as true residential, a nightly rental format option, office, and commercial, this flexible zoning and COA status can accommodate a multitude of needs. Illuminated from above by the 4-foot crystal chandelier, the well-appointed chef's kitchen boasts a 32sf island, double sinks, 72'' refrigerator/freezer, double ovens, and a 36'' cooktop with stainless steel hood. A large service pantry doubles as the private entrance from the unit into the gated garage where owners will enjoy the possiblity of convenient direct unit access to parking spaces right outside their door. (Deeded parking is additional) The generously sized open bedroom area can be enclosed for privacy or opened up for the various uses for the space. Building history: 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. 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 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. 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 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 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! The apartments have been 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.

MLS® Number1289346

Locker

Ensuite Laundry

Balcony

Furnished

Laundry Level

Exposure

Exterior

Garage

Approx. Age1930

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Feb 7, 2025List Date

$989,000List Price

Home Appraisal

This property is estimated to sell between: $431,000 and $1,268,000.

Similar properties in this area sold on average for: $431,833

Expected to sell very soon! Similar properties sold in 134 days. This home has been on eXp Realty for 456 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

Commute

Commute

Starting Address

Destination Address

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