603 W Main St, 604, Knoxville, TN 37902 (MLS# 1279779)


$519,000
603 W Main St, 604
Knoxville, TN 37902
MLS# 1279779
Status: Pending - Continue to Show
2 beds  |  854 sqft


View from the corner of Main and Locust
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View from the corner of Main and Locust View from Locust looking south towards Main Unit 101 commercial space Main entryway Main entryway Historic details throughout Unit 604 is a 2bed/2bath unit with 854sf. It is situated on the northeast corner of the building. 603 W Main St, 604, Knoxville, TN 37902 603 W Main St, 604, Knoxville, TN 37902 603 W Main St, 604, Knoxville, TN 37902 603 W Main St, 604, Knoxville, TN 37902 603 W Main St, 604, Knoxville, TN 37902 603 W Main St, 604, Knoxville, TN 37902 Primary Bedroom Primary Bedroom Primary Bathroom Bedroom #2 Bedroom #2 Bathroom #2 Basement level storage units available through the HOA 603 W Main St, 604, Knoxville, TN 37902

Property Description
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!

Details
Maps
Location Tax Legal Info
House #: 603
St Dir: W
Street Name: Main
St Suffix: St
State/Province: TN
Zip Code: 37902
Property Sub-Type: Condominium
PIN #: 094MD004
Subdivision: The Medical Arts Building
Geo Lat: 35.960636
Geo Lon: -83.919692
Contract Info
Auction Y/N: No
Listing Price: 519000
Current Price: $519,000
Status: Pending - Continue to Show
Listing Date: 2024-10-17
Occupancy: Permanent Residence
General Property Description
Type: High Rise
Lot Dimensions: 74.33 x 206.83 IRR
Lot Size SqFt: 15373.67
Acres: 0.35
Acre Source: Other
Site Built: Yes
Restrictions: Yes
SqFt - Total (Aprox): 854
SqFt - Main Lvl: 854
# Bedrooms: 2
Baths - Full: 2
# of Rooms: 4
Fireplace: No
Property Status: N/A
HOA: Mandatory
HOA Freq: Monthly
HOA Contact: tbd
Year Built: 1930
Bonus Room: No
Extra Storage: Yes
Status Change Info
Status Change Date: 2024-11-04
Under Contract Date: 2024-11-04
Property Features
Style: Historic; Other
Construction: Block; Brick; Masonry
Siding: Stone
Basement: Other
Lot Description: Corner Lot
View: Lake View; Mountain View; Other
Fireplace: None
Floors: Tile
Fuel: Electric
Heat: Central
Cooling: Ceiling Fan(s); Central Cooling
Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Smoke Detector; Washer; Other
Sewer: Public Sewer
Water: Public
Other Rooms: Bedroom Main Level; Extra Storage; Laundry/Utility; Mstr Bdrm Main Level
Misc Features: Internet Available; Washer/Dryer Connect
Exterior Features: Windows - Insulated
Dining Area: Kitchen/Dining Rm Co; Living Rm/Dining Rm
Community Amenities: Elevator; Extra Storage; Security
Association Fee Incl: Association Ins; Building Exterior; Fire Protection; Grounds Maintenance; Pest Contract; Security
Showing: See Agent Instructns
New Financing: Cash; Conventional

Listing Office: Alliance Sotheby's Internation

Office Phone: 865-357-3232

Last Updated: November - 05 - 2024

603 W Main St, 604, Knoxville, TN 37902 - MLS# 1279779

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