603 West Main Street, Unit 206
$415,000
1
1
727
727
$571
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 throughout, granite countertops, stainless steel appliances in the open kitchen, and plenty of natural light create a comfortable living area. Unit sizes...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
- Listed by Melinda Grimac • Alliance Sotheby's Internation
Property Details for 603 West Main Street, Unit 206
Architectural Style
Other, Historic
Sub division NameThe Medical Arts Building
ViewMountain View, City, Lake
Style HistoricTrue
Style OtherTrue
LISTING UPDATED: 12/20/2024 04:03 PM
Property Details for 603 West Main Street, Unit 206
Status | Active |
---|---|
MLS # | 1279781 |
Days on Market | 65 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Condo |
MLS Type | Single Family / Condominium |
Year Built | 1930 |
County | Knox County |
Building Information for 603 West Main Street, Unit 206
Building/Complex603 W Main StFloor2Stories-Residences-Pet Policy-Year Built1930
Property Information for 603 West Main Street, Unit 206
Property History for 603 West Main Street, Unit 206
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 603 West Main Street, Unit 206
This home is within Knox County School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
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Sequoyah Elementary School PublicPK to 5 | ||
Vine Middle/Magnet Public6 to 8 | ||
Austin East High/Magnet Public9 to 12 | ||
L & N Stem Academy Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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