You must see it to truly appreciate this stunning urban loft overlooking Downtown's vibrant Gay Street. Located in the premier Gallery Lofts, just steps from Market Square, the Old City and the Theater District, this exceptional residence features an expansive great room with huge windows, two bedrooms, two baths and a separate study. The original exposed brick, rough-hewn timbers and soaring ceilings evoke the building's industrial past, while the contemporary finishes and fixtures inspire a sense of relaxed, modern elegance. Thoughtfully designed with both style and function in mind, you will find abundant kitchen storage and generous custom-designed closets. Updates include fresh paint throughout (2024), new hardwood floors in the master bedroom (2019), custom cherry vanities with granite tops, and REME HALO Whole Home In-Duct Air Purifier (hospital grade), HVAC Carrier compressor on roof (2017), & extra-capacity water heater (2010). Washer/Dryer and Pottery Barn office furniture included. In addition to the 13 residences, there are commercial spaces on the first and second floors of the building including the beloved Mast General Store and prominent architecture firm DIA. Stroll outside and enjoy many of the city's most popular restaurants, cafes, entertainment venues, fitness studios & galleries. And with close proximity to the new Covenant Health Park stadium, library, artsy Emory Place, Downtown North, PetSafe dog park, World's Fair Park, greenway system, the University of Tennessee, and the South Waterfront, you can easily access it all from your home in the Gallery Lofts. Approx. size per appraiser is an estimate only and is not guaranteed. Developer's 1725sf estimate and CRS measurements of 1917sf vary. Buyer to verify size, taxes and HOA fees, which are subject to change. CRS records state the building was constructed in 1910, however historians date the building to the 1880's. The building was redeveloped in 2007 and roof was replaced in 2023. Public parking is offered directly behind the building in the attached Promenade Garage. Owner pays for a monthly permit for this garage. And in the nearby State St. Garage, parking is currently free on nights and weekends.
For sale
Price cut: $10.5K (8/23)
$984,500
402 S Gay St SUITE 301, Knoxville, TN 37902
2beds
1,641sqft
Est.:
Condominium
Built in 2007
-- sqft lot
$-- Zestimate®
$600/sqft
$489/mo HOA
What's special
Contemporary finishes and fixturesUrban loftAbundant kitchen storageOriginal exposed brickSoaring ceilingsGenerous custom-designed closetsRough-hewn timbers
- 66 days
- on Zillow |
- 782 |
- 23 |
Zillow last checked: 7 hours ago
Listing updated: August 23, 2025 at 02:34pm
Listed by:
Kimberly Dixon Hamilton,
Downtown Realty, Inc. 865-588-5535
Source: East Tennessee Realtors,MLS#: 1305228

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Bonus Room
Heating
- Central, Heat Pump, Electric
Cooling
- Other, Central Air, Ceiling Fan(s)
Appliances
- Included: Dishwasher, Disposal, Microwave, Range, Refrigerator
Features
- Kitchen Island, Breakfast Bar, Eat-in Kitchen, Bonus Room
- Flooring: Hardwood, Tile
- Windows: Insulated Windows
- Basement: None,Other
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 1,641
- Total interior livable area: 1,641 sqft
Property
Parking
- Parking features: Other
Features
- Exterior features: Balcony
- Has view: Yes
- View description: City
Lot
- Features: Other
Details
- Parcel number: 095IA03800C
Construction
Type & style
- Home type: Condo
- Architectural style: Other,Contemporary,Historic
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Other, Brick
Condition
- Year built: 2007
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Gallery Lofts
HOA
- Has HOA: Yes
- Services included: Maintenance Structure, Insurance, Maintenance Grounds
- HOA fee: $489 monthly
Location
- Region: Knoxville
Financial & listing details
- Price per square foot: $600/sqft
- Tax assessed value: $642,100
- Annual tax amount: $2,495
- Date on market: 8/23/2025
- Listing terms: Cash
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