603 Main St #103 Active Save Request In-Person Tour Request Virtual Tour
Knoxville,TN 37902
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 2,101 sqft
Price per Sqft $499
Subdivision Medical Arts Building Condominium
MLS Listing ID 1289346
Style Other,Historic
Bedrooms 1
Full Baths 1
Half Baths 1
HOA Fees $637/mo
Year Built 1930
Lot Size 0.490 Acres
Property Sub-Type Condominium
Property Description
''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 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 convenient direct unit access to two parking spaces right outside their door. 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! 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.
Location
State TN
County Knox County - 1
Area 0.49
Rooms
Other Rooms LaundryUtility, Bedroom Main Level, Extra Storage, Great Room, Mstr Bedroom Main Level
Dining Room Eat-in Kitchen, Formal Dining Area, Other
Interior
Heating Central,Electric
Cooling Central Air,Ceiling Fan(s)
Flooring Marble
Fireplaces Type Other,None
Laundry true
Exterior
Exterior Feature Windows - Insulated
Parking Features Garage Door Opener,Designated Parking,Main Level,Other
Garage Description Garage Door Opener, Main Level, Other, Designated Parking
Amenities Available Elevator(s),Storage,Security
View City
Building
Lot Description Corner Lot
Sewer Public Sewer
Water Public
Structure Type Stone,Other,Cement Siding,Brick,Block
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional