$339,000

Estimated payment $2,339/month

Total Views 612
1 Bed
1 Bath
514 Sq Ft
$660 Price per Sq Ft

Highlights

  • City View
  • 0.49 Acre Lot
  • Corner Lot
  • Sequoyah Elementary School Rated A-
  • Main Floor Primary Bedroom
  • Elevator

About This Home

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!

Listing Agent

Melinda Grimac

Alliance Sotheby's International License #322821 Listed on: 08/29/2025

Alliance Sotheby's International

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1930

Lot Details

  • 0.49 Acre Lot
  • Corner Lot
  • Historic Home

HOA Fees

  • $156 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Stone Siding

Interior Spaces

  • 514 Sq Ft Home
  • Ceiling Fan
  • Insulated Windows
  • Wood Frame Window
  • Open Floorplan
  • Storage
  • Tile Flooring
  • City Views
  • Fire and Smoke Detector
  • Basement

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 094MD004

Community Details

Overview

  • Association fees include pest contract, fire protection, building exterior, association insurance, security, grounds maintenance
  • The Medical Arts Building Subdivision
  • Mandatory home owners association
  • On-Site Maintenance

Amenities

  • Elevator
  • Community Storage Space

Security

  • Security Service

Home Details

Home Type

Single Family

Year Built

Built in 1930

Lot Details

0

HOA Fees

$156 per month

Listing Details

  • Directions: Property is on the corner of Main St and Locust St downtown Knoxville. Street parking is available.
  • Property Sub Type: Single Family Residence
  • Prop. Type: Single Family
  • Year Built: 1930
  • Lot Size Acres: 0.49
  • Lot Size: 74.33 x 206.83 x IRR
  • Subdivision Name: The Medical Arts Building
  • Architectural Style: Other, Historic
  • Property Attached Yn: Yes
  • Structure Type: High Rise
  • General Property Description:Lot Size SqFt: 15373.67
  • Lot Description:Corner Lot: Yes
  • General Property Description:Fireplace: No
  • General Property Description:SqFt - Main Lvl: 514.0
  • General Property Description:HOA: Mandatory
  • General Property Description:Basement: Yes
  • General Property Description:Bonus Room: No
  • General Property Description:Extra Storage: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Cooling: Yes
  • Fuel:Electric: Yes
  • Heat:Central: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Misc Features:Internet Available: Yes
  • Misc Features:WasherDryer Connect: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public: Yes
  • Dining Area:KitchenDining Rm Co: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Siding:Stone3: Yes
  • Dining Area:Living RmDining Rm: Yes
  • Siding:Brick2: Yes
  • Floors:Tile2: Yes
  • AtchdDtchd Type:Attached: Yes
  • Style:Historic: Yes
  • Location Tax Legal Info:Property Sub-Type: Residential
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer, Other
  • Basement YN: Yes
  • Has Basement: Other
  • Fireplace: No
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: None
  • Flooring: Tile
  • Interior Amenities: Eat-in Kitchen
  • Window Features: Windows - Wood, Windows - Insulated
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Appliances:Smoke Detector: Yes
  • Other Rooms:LaundryUtility: Yes
  • Other Rooms:Mstr Bdrm Main Level: Yes
  • Fireplace:None15: Yes
  • Appliances:Other18: Yes
  • Basement:Other5: Yes

Exterior Features

  • View: Other, City
  • Lot Features: Corner Lot
  • Construction Type: Other, Stone, Brick, Block
  • Exterior Features:Windows - Insulated: Yes
  • Construction:Block2: Yes
  • Construction:Other7: Yes
  • Exterior Features:Windows - Wood: Yes

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Attached, Other
  • GarageParking:Attached2: Yes
  • GarageParking:Other17: Yes

Utilities

  • Cooling: Central Cooling, Ceiling Fan(s)
  • Sewer: Public Sewer
  • Security: Smoke Detector
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Amenities: Elevator, Security
  • Association Fee: 155.77
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • Community Amenities:Extra Storage4: Yes
  • Community Amenities:Security2: Yes
  • Association Fee Incl:Association Ins: Yes
  • Association Fee Incl:Grounds Maintenance: Yes
  • Association Fee Incl:Building Exterior: Yes
  • Association Fee Incl:Security3: Yes
  • Community Amenities:Elevator: Yes
  • Association Fee Incl:Fire Protection: Yes
  • Association Fee Incl:Pest Contract: Yes

Fee Information

  • Association Fee Includes: Pest Contract, Fire Protection, Building Exterior, Association Ins, Security, Grounds Maintenance

Lot Info

  • Lot Size Sq Ft: 15373.67
  • Parcel #: 094MD004

Tax Info

  • Tax Block: ---

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2025 08/29/25 For Sale $339,000 -- $660 / Sq Ft
Source: East Tennessee REALTORS® MLS

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Source: East Tennessee REALTORS® MLS

MLS Number: 1313664

East Tennessee REALTORS® MLS