603 W Main St 402, Knoxville, TN 37902 (MLS# 1307256)

603 W Main St 402, Knoxville, TN 37902

$470,000

Finishes including granite, cabinetry, and appliances are representative of Unit 402

Finishes including granite, cabinetry, and tile are representative of Unit 402

Property Type: Single Family Bedrooms: 1 Square Footage: 795 Lot Size (sq. ft.): 15,374 Status: Closed

Current Price: $470,000 List Date: 7/05/2025 Last Modified: 8/14/2025

Overview

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 att ... (Read more) 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 Details MLS# 1307256

Location Tax Legal Info

House #: 603
St Dir: W
Street Name: Main
St Suffix: St
State/Province: TN
Zip Code: 37902
PIN #: 094MD004
Subdivision: The Medical Arts Building

Contract Info

Auction Y/N: No
Listing Price: 460000
Occupancy: Permanent Residence

General Property Description

Type: High Rise
Lot Dimensions: 74.33 x 206.83 x IRR
Lot Size SqFt: 15373.67
Acres: 0.49
Acre Source: Other
Site Built: Yes
Restrictions: Yes
SqFt - Total (Aprox): 795
SqFt - Main Lvl: 795
# Bedrooms: Yes
Baths - Full: Yes
# of Rooms: 3
Fireplace: No
Property Status: N/A
HOA: Mandatory
HOA Fee: 241.26
HOA Freq: Monthly
HOA Contact: URE 865-673-6600 ext 103
Year Built: 1930
Bonus Room: No
Extra Storage: Yes

Status Change Info

Status Change Date: 2025-08-14
Under Contract Date: 2025-07-30
Sold Date: 2025-08-13

More Information

Property Features

Style: Historic; Other Construction: Block; Other Siding: Brick; Stone Basement: Other Lot Description: Corner Lot 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: Laundry/Utility; Mstr Bdrm Main Level Misc Features: Internet Available; Washer/Dryer Connect Exterior Features: Windows - Insulated; Windows - Wood 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 New Financing: Cash; Conventional

IDX

Listing Office: Alliance Sotheby's International

Last Updated: August - 14 - 2025

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