Active
603 W Main St, 305
Knoxville TN, 37902
$564,000
$574.92 per sqft
Active
2 Beds
2 Baths
981 sqft
Condos
Built in 1930
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!
1279780
MLSⓇ ID
October 17, 2024
Listed
November 22, 2024
Updated
Map
603 W Main St, 305
Knoxville TN, 37902
Interior Features
Bedrooms
2
Total Bathrooms
2
Full Bathrooms
2
Interior Features
Breakfast Bar, Eat-in Kitchen
Appliances
Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Smoke Detector, Washer, Other
Floor Description
Tile
Fireplace
No
Fireplace Description
None, Other
Cooling
Yes
Cooling Description
Central Cooling, Ceiling Fan(s)
Heating
Yes
Heating Description
Central, Electric
Exterior/Building Features
Lot Size
0.35 Acres
Exterior Features
Windows - Wood
Lot Features
Corner Lot
Architectual Style
Other, Historic
Sewer
Public Sewer
Other Property Details
Area Name
Knox County - 1
Association Fee
Not Listed
Association Fee Frequency
Monthly
Association Amenities
Elevator(s), Storage
Garage
Yes
Parking
Attached, Other
View
Yes
View Description
Mountain View, City, Lake
County
Knox County - 1
Water Source
Public
Pool
No
Courtesy of Alliance Sotheby's Internation, Melinda Grimac
Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Shannon Foster-Boline shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 1:17 PM UTC, 11/22/2024