Experience the best of modern urban living at Sterchi Lofts!
This stunning 2-bedroom, 1-bath condo on the 5th floor offers breathtaking views and a vibrant downtown lifestyle. The expansive window in the main living area—stretching nearly floor to ceiling and wall to wall—floods the open floorplan with natural light and provides the perfect vantage point for watching beautiful sunsets, parades, and events like the monthly First Friday celebration on the 100 block of the Historic Arts District.
Originally the headquarters of Sterchi Brothers Furniture, once the largest wholesale furniture distributor in the Southeast, this historic building was transformed into 100 residences in 2002 and underwent further renovations from 2016 to 2022. During that renovation, the unit was thoughtfully updated with energy-efficient appliances, quartz countertops, a stainless-steel kitchen sink, designer lighting, an upgraded HVAC system, modern plumbing fixtures, and Roca Spanish tile in the shower. The current owners have enhanced it even further, adding custom-built wardrobes in both bedrooms, high-end remote-controlled electric blinds, sliding barn-style doors, and a spacious kitchen island with additional storage.
Residents of Sterchi Lofts enjoy premium amenities, including a 24-hour fitness center, rentable storage, and a rooftop patio with breathtaking panoramic views of the city skyline and the Great Smoky Mountains.
Knoxville continues to thrive, recently ranked among the most desirable cities to live in by U.S. News & World Report (2024). Exciting developments like the new baseball stadium opening in 2025 and the upcoming Neyland Entertainment District will further elevate downtown's appeal.
With award-winning restaurants, art galleries, live music, and entertainment all within walking distance, this is the perfect place to call home. Schedule your showing today!
**Buyer to verify sq ft, taxes, and HOA
Sold for $515,000 on 05/15/25
$515,000
116 S Gay St APT 503, Knoxville, TN 37902
2beds
900sqft
Condominium
Built in 1920
-- sqft lot
$518,700 Zestimate®
$572/sqft
$2,279 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: June 19, 2025 at 12:55pm
Listed by:
Joe Consumo 865-386-3406,
Terminus Real Estate, Inc.
Bought with:
Donna Copeland, 281108
Wallace
Source: East Tennessee Realtors,MLS#: 1292569

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Microwave, Range, Refrigerator, Self Cleaning Oven
Features
- Kitchen Island, Elevator, Eat-in Kitchen
- Flooring: Other
- Windows: Aluminum Frames
- Basement: None
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 900
- Total interior livable area: 900 sqft
Property
Parking
- Parking features: On Street, Off Street, Other
- Has uncovered spaces: Yes
Features
- Has view: Yes
- View description: Mountain(s), City
Lot
- Size: 871.20 sqft
- Features: Other
Details
- Parcel number: 094EG04301W
Construction
Type & style
- Home type: Condo
- Architectural style: Historic
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Steel, Brick, Metal Siding
Condition
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Community
- Community features: Sidewalks
Location
- Region: Knoxville
- Subdivision: Sterchi Lofts Condos Unit 503
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $229 monthly
- Services included: Pest Control, Fire Protection, Maintenance Structure, Insurance, Trash, Some Amenities, Maintenance Grounds
Other
Other facts
- Listing terms: Alternative,Cash,Conventional