603 W Main St #604, Knoxville, TN 37902
(MLS # 1279779)
Twitter
Facebook
Email
|
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 throughout, granite countertops, stainless steel appliances in the open kitchen, 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. Owners will have the opportunity to purchase parking in the private, interior garage. 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. All units convey with a washer/dryer set and all major kitchen appliances. Parking spaces in the interior private garage
| LAST UPDATED | 11/4/2024 | TRACT | The Medical Arts Building |
|---|---|---|---|
| YEAR BUILT | 1930 | COMMUNITY | Knox County - 1 |
| COUNTY | Knox County - 1 | STATUS | Pending |
| PROPERTY TYPE(S) | Condo/Townhouse/Co-Op |
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s), Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AMENITIES | Security |
| APPLIANCES | Dishwasher, Disposal, Dryer, Microwave, Other, Range, Refrigerator, Washer |
| AREA | Knox County - 1 |
| BASEMENT | Other, Yes |
| CONSTRUCTION | Block, Brick, Other, Stone |
| GARAGE | Attached Garage, Yes |
| HEAT | Central, Electric |
| HOA DUES | Monthly |
| INTERIOR | Elevator |
| LOT | 0.35 acre(s) |
| LOT DESCRIPTION | Corner Lot |
| LOT DIMENSIONS | 74.33 x 206.83 IRR |
| PARKING | Attached, Other |
| STYLE | Historic, Other |
| SUBDIVISION | The Medical Arts Building |
| VIEW | Yes |
| VIEW DESCRIPTION | Mountain(s), City, Lake |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
I
*Estimate only
| SATELLITE VIEW |
| / | |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Sellers
Realty to contact you even if your name is on a Federal or State
"Do not call List".
Listed with Alliance Sotheby's Internation
The data relating to real estate for sale on this Web Site comes from the IDX Program of the East Tennessee Realtors® Multiple Listing Service. © Copyright 2024. All rights reserved.
This information is being provided for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing. This information is updated weekly, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
This IDX solution is (c) Diverse Solutions 2024.