Experience modern urban living in this beautifully updated 1-bedroom, 1-bath condo at Sterchi Lofts. Situated on the 7th floor, this bright, airy unit offers a Southern exposure looking down the center of the city. Watch parades, Christmas lights, and downtown festivals like the Rossini Festival right from your living room. Enjoy your morning coffee looking out at the Smokies in the horizon. Originally the headquarters of Sterchi Brothers Furniture—the largest wholesale furniture distributor in the Southeast—this historic building was transformed into loft-style residences in 2002 and underwent further upgrades from 2016 to 2022. During the renovation, this unit was updated with: · Energy-efficient appliances · Quartz countertops & deep stainless steel sink · Commercial-grade kitchen faucet · Designer light fixtures · Updated HVAC system · Modern plumbing fixtures · Luxurious Roca (Spanish) tile in the shower. With tall ceilings, expansive windows, and an open-concept design, this condo perfectly blends historic charm with contemporary style. Residents of Sterchi Lofts also enjoy premium amenities, including a 24-hour fitness center, additional rentable storage, and a rooftop patio with stunning views of the Knoxville skyline and the Great Smoky Mountains. Knoxville was recently ranked among the most desirable cities to live in by U.S. News & World Report in 2024, and downtown continues to thrive. With a new baseball stadium set to open in 2025 and the upcoming Neyland Entertainment District transforming the riverfront, now is the perfect time to invest in this vibrant community. Walk to award winning restaurants, the Farmers' Market, several gyms, coffee shops, and shows at the Tennessee and Bijou Theaters. Drop by the art galleries and local bookstore down the block or bike to the University of Tennessee and IJAMS Nature Center. 📍 Don't miss this rare opportunity—schedule your showing today! Unit is not occupied and is easy to view
For sale
$339,000
116 S Gay St APT 706, Knoxville, TN 37902
1beds
580sqft
Est.:
Condominium
Built in 1920
-- sqft lot
$-- Zestimate®
$584/sqft
$154/mo HOA
What's special
- 22 days
- on Zillow |
- 521 |
- 30 |
Zillow last checked: 7 hours ago
Listing updated: August 01, 2025 at 06:54am
Listed by:
Joe Consumo 865-386-3406,
Terminus Real Estate, Inc. 865-673-6300
Source: East Tennessee Realtors,MLS#: 1310509

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Microwave, Range, Self Cleaning Oven
Features
- Elevator, Eat-in Kitchen
- Flooring: Other
- Windows: Aluminum Frames
- Basement: None
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 580
- Total interior livable area: 580 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: 435.6 Square Feet
- Features: Other
Details
- Parcel number: 094EG04302T
Construction
Type & style
- Home type: Condo
- Architectural style: Historic
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Steel, Block, Brick
Condition
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Sidewalks
- Security: Smoke Detector(s)
- Subdivision: Sterchi Lofts Condos Unit 706
HOA
- Has HOA: Yes
- Services included: Pest Control, Fire Protection, Maintenance Structure, Insurance, Trash, Some Amenities, Maintenance Grounds
- HOA fee: $154 monthly
Location
- Region: Knoxville
Financial & listing details
- Price per square foot: $584/sqft
- Tax assessed value: $200,600
- Annual tax amount: $779
- Date on market: 8/1/2025
- Listing terms: Alternative,Cash,Conventional
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