Welcome to desirable DOWNTOWN LIVING in the historic JC Penney Building! This iconic building was revitalized in 2016 making it a vibrant mixed-use development. This incredible location is the heart of Downtown Knoxville. Gay Street is centrally located between the Theatre District, Tennessee River, Market Square, and the Old City which offers easy access to restaurants, bars, shopping, theaters, and a multitude of local events, giving you the complete urban experience. The building features 17 residences, along with Maple Hall Bowling Lanes and Babalu Tacos & Tapas. This beautifully designed 2 BR, 2 BA residence with 1, 761 SF includes a spacious open concept with large windows, high ceilings, gleaming hardwoods, exposed brick walls, original beams, stylish cabinetry, ample concrete countertops, and stainless steel appliances. The owner's suite has luxury features such as tiled walk-in shower, soaker tub with marble tile surround, walk-in closet and double floating vanity. This remarkable loft has been completely renovated, and combines modern and semi-industrial styles while preserving its historic charm. This is not only a fantastic investment, it's a lifestyle endeavor. Public parking is available on street, and in the Promenade Garage directly behind the building, as well as in the nearby city-owned State Street Garage (parking is free on nights and weekends). Learn more at
Property Features
Bedrooms
Other Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Interior Features
- Walk-In Closet(s)
- Kitchen Island
- Breakfast Bar
- Eat-in Kitchen
- Flooring: Hardwood, Tile
- Window Features: Windows - Insulated
Appliances
- Gas Cooktop
- Dishwasher
- Disposal
- Dryer
- Microwave
- Range
- Refrigerator
- Self Cleaning Oven
- Washer
Heating and Cooling
- Cooling Features: Central Cooling, Ceiling Fan(s)
- Heating Features: Heat Pump, Natural Gas, Electric
- Heating: Yes
Exterior and Lot Features
Land Info
- Lot Size Acres: 0.04
- Lot Size Source: Tax Records
- Lot Size Square Feet: 1742
Garage and Parking
- Parking Features: On-Street Parking
Home Features
- View: City
- Security Features: Smoke Detector
Homeowners Association
- Association: Yes
- Association Amenities: Elevator, Security
- Association Fee Includes: Fire Protection, Building Exterior, Association Ins, Security, Some Amenities, Grounds Maintenance
School Information
- Elementary School: Sequoyah
Amenities and Community Features
- Community Features: Sidewalks
Other Property Info
- Annual Tax Amount: 5384.479999999
- Source Listing Status: Active
- County: Knox County - 1
- Directions: From Knoxville, take I-40E to exit 388 toward Downtown; take the TN-62/Western Ave exit toward Summit Hill Drive; turn right onto Gay Street; J.C. Penney building is on your left. Use street parking or Promenade parking back parking lot/garage.
- Disclaimer: No
- Source Property Type: Single Family
- Area: Knox County - 1
- Property Subtype: condo
- MLS Area Minor: Knox County - 1
- Source Neighborhood: Jc Penney Condo Unit 303
- Parcel Number: 095IA03701K
- Subdivision: Jc Penney Condo Unit 303
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 1761
- Year Built: 1905
- Building Area Total: 1761
- Building Exterior Type: Brick, Block
- Construction Materials: Brick, Block
- Living Area Source: Tax Records
- Property Age: 120
- Property Attached: Yes
- House Style: High Rise
- Total Area Sqft: 1761
- Architectural Style: Contemporary, Historic
Utilities
- Sewer: Public Sewer
- Cable Available (TV Only)
- Water Source: Public