Active
603 W Main St, 103
Knoxville TN, 37902
$1,050,000
$499.76 per sqft
Active
1 Bed
2 Baths
2,101 sqft
Condos
Built in 1930
''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.
1289346
MLSⓇ ID
February 7, 2025
Listed
February 20, 2025
Updated
Interior Features
Bedrooms
1
Total Bathrooms
2
Full Bathrooms
1
Half Bathrooms
1
Interior Features
Island in Kitchen, Pantry, Eat-in Kitchen
Appliances
Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer
Floor Description
Marble
Fireplace
No
Fireplace Description
Other, None
Cooling
Yes
Cooling Description
Central Air, Ceiling Fan(s)
Heating
Yes
Heating Description
Central, Electric
Exterior/Building Features
Lot Size
0.49 Acres
Exterior Features
Windows - Insulated
Lot Features
Corner Lot
Architectural Style
Other, Historic
Sewer
Public Sewer
Other Property Details
Area Name
Knox County - 1
Association Fee
$638
Association Fee Frequency
Monthly
Association Amenities
Elevator(s), Storage, Security
Garage
No
Parking
Garage Door Opener, Designated Parking, Main Level, Other
View
Yes
View Description
City
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.
©2025 Knoxville Area Association of REALTORS. All rights reserved.
Data last updated 9:25 AM UTC, 2/20/2025