603 West Main Street, Unit 206
Knoxville, TN 37902
$415,000
Price
1
Beds
1
Bath
727 Sq. Ft.
$571 / Sq. Ft.
727
Sq. Ft.
$571
per Sq. Ft.
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....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! Building history: 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 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 clearly shows the attention to detail, which was rarely seen anywhere else in 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 went through its share of hard time and in 1985 a complete renovation of the building was done 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 the building 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: 11/05/2024 05:08 PM
Property Details for 603 West Main Street, Unit 206
| Status | Active |
|---|---|
| MLS # | 1279781 |
| Days on Market | 19 |
| 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
Summary
Location and General Information
- City: Knoxville
- County Or Parish: Knox County - 1
- Directions: Property is on the corner of Main St and Locust St downtown Knoxville. Street parking is available.
- Latitude: 35.960584
- Longitude: -83.91966
- MLS Area Major: Knox County - 1
- MLS Area Minor: Knox County - 1
- Postal Code: 37902
- State Or Province: TN
- Unit Number: 206
- View City: True
- View Mountain View: True
- View Other: True
- Location Tax Legal Info Unit Number: 206
- Location Tax Legal Info Area: Knox County - 1
- Remarks Misc Directions: Property is on the corner of Main St and Locust St downtown Knoxville. Street parking is available.
- Amenities Available Lake: true
Parking
- Attached Garage: Yes
- Parking Features: Attached, Other
- Atchd Dtchd Type Attached: True
- Garage Parking Attached: True
- Garage Parking Other: True
Taxes and HOA Information
- Association Fee: 0.0
- Association Fee Includes: Fire Protection, Building Exterior, Association Ins, Security, Grounds Maintenance, Pest Contract
- Association: true
- Association Fee Frequency: Monthly
- Parcel Number: 094MD004
- Association Fee Incl Association Ins: True
- Association Fee Incl Building Exterior: True
- Association Fee Incl Fire Protection: True
- Association Fee Incl Grounds Maintenance: True
- Association Fee Incl Pest Contract: True
- Association Fee Incl Security: True
- Location Tax Legal Info Total Tax: 0.0
- General Property Description HOA Freq: Monthly
- General Property Description HOA Contact: tbd
- General Property Description HOA: Mandatory
Virtual Tour
- Virtual Tours Count: 0
Property
Lot Information
- Lot Size Area: 0.35
- Lot Size Units: Acres
- Lot Size Square Feet: 15373.67
- Year Built: 1930
- Lot Features: Corner Lot
- Building Area Total: 727.0
- Living Area Source: Plans
- Lot Size Acres: 0.35
- Lot Size Source: Other
- Lot Size Dimensions: 74.33 x 206.83 x IRR
- General Property Description SqFt - Main Lvl: 727.0
- General Property Description SqFt - Down Lvl: 0.0
- General Property Description SqFt - 2nd Flr Lvl: 0.0
- General Property Description SqFt - 3rd Flr Lvl: 0.0
- General Property Description SqFt - Source: Plans
- General Property Description Lot Dimensions: 74.33 x 206.83 x IRR
- General Property Description Lot Size SqFt: 15373.67
- General Property Description Acres: 0.35
- General Property Description Acre Source: Other
- General Property Description Site Built: Yes
- Lot Description Corner Lot: True
Property and Assessments
- Possession: Negotiable, At Closing
- Property Attached: Yes
- Property Type Label: Single Family
- Floor Plans Count: 0
- Property Type: Single Family
- Property Sub Type: Condominium
- Possession At Closing: True
- Possession Negotiable: True
Utilities
- General Property Description Sewer: Public Sewer
- Fuel Electric: True
- Misc Features Internet Available: True
- Sewer Public Sewer: True
- Water Public: True
Interior and Exterior Features
Exterior Features
- Exterior Features: Windows - Insulated
- Association Amenities: Elevator(s), Storage
- Construction Materials: Stone, Other, Cement, Brick, Block
- Siding Brick: True
- Siding Cement: True
- Siding Stone: True
- Community Amenities Elevator: True
- Community Amenities Extra Storage: True
- Exterior Features Windows - Insulated: True
Interior Features
- Beds Total: 1
- Baths Full: 1
- Baths Half: 0
- Fireplaces Total: 0
- Bathrooms Total Integer: 1
- Cooling Details: Yes
- Kitchen Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer, Other
- Fireplace Features: None, Other
- Flooring: Tile
- Heating: Yes
- Fireplace None: True
- Cooling Ceiling Fan(s): True
- Cooling Central Cooling: True
- Floors Tile: True
- Floors Other: True
- Basement Other: True
- General Property Description Number of Bedrooms: 1
- General Property Description Number of Rooms: 2
- General Property Description Fireplace: No
- General Property Description Number of Fireplace: 0.0
- General Property Description Basement: Yes
- General Property Description Bonus Room: No
- General Property Description Extra Storage: Yes
- Heat Central: True
- Dining Area KitchenDining Rm Co: True
- Dining Area Living Room Dining Room: True
- Appliances Dishwasher: True
- Appliances Disposal: True
- Appliances Dryer: True
- Appliances Microwave: True
- Appliances Range: True
- Appliances Refrigerator: True
- Appliances Washer: True
- Appliances Other: True
- Other Rooms Laundry Utility: True
- Other Rooms Mstr Bdrm Main Level: True
- Misc Features WasherDryer Connect: True
Room Information
Room
- Rooms Total: 2
Multi Family
Multi-Family Information
- General Property Description Position of Unit: 2nd fl East facing
Rental
Rent Information
- Contract Info Occupancy: Permanent Residence
- General Property Description Restrictions: Yes
- Tenant Expenses Cooling: Central Cooling,Ceiling Fan(s)
- Tenant Expenses Heating: Central,Electric
Property History for 603 West Main Street, Unit 206
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
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 |
|---|---|---|
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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Listing Courtesy of Alliance Sotheby's Internation, Melinda Grimac
The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 MTRMLS, Inc. All Rights Reserved. Last updated: 11/05/2024 05:08 PM