603 W Main St #201, Knoxville, TN 37902
Local realty services provided by:Better Homes and Gardens Real Estate Gwin Realty
603 W Main St #201,Knoxville, TN 37902
$524,000
- 2 Beds
- 2 Baths
- 911 sq. ft.
- Single family
- Active
Listed by:melinda grimac
Office:alliance sotheby's international
MLS#:1307259
Source:TN_KAAR
Price summary
- Price:$524,000
- Price per sq. ft.:$575.19
- Monthly HOA dues:$276
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!
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Home facts
- Year built:1930
- Listing Id #:1307259
- Added:40 day(s) ago
- Updated:July 20, 2025 at 02:32 PM
Rooms and interior
- Bedrooms:2
- Total bathrooms:2
- Full bathrooms:2
- Living area:911 sq. ft.
Heating and cooling
- Cooling:Central Cooling
- Heating:Central, Electric
Structure and exterior
- Year built:1930
- Building area:911 sq. ft.
- Lot area:0.35 Acres
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$524,000
- Price per sq. ft.:$575.19
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