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116 S Gay St 108, Knoxville, 37902

Priced At: $430,000

Property Details for ID: 1358295

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SqFt: 620
Price SqFt: $694
Total Bedrooms: 1
Full Baths: 1 / Half Baths: 0
MLS Status: Active
Property Type: Residential
On Market Date: 2026-10-09T01:47:49Z
Subdivision: Sterchi Lofts Condos Unit 108

Public Remarks: TURNKEY SHORT-TERM RENTAL OPPORTUNITY IN THE HEART OF DOWNTOWN KNOXVILLE! Located in the historic Sterchi Lofts building, this fully furnished, loft-style condominium offers an exceptional opportunity to own a piece of downtown Knoxville while enjoying the flexibility of a personal retreat or investment property. Currently operated as a short-term rental, this property is being offered completely furnished and ready to go, providing an attractive opportunity for buyers looking to enter Knoxville's downtown vacation rental market without the hassle of furnishing and setting up a property from scratch. A loft style area was added to increase the sleeping capacity of the unit. Inside, you'll find an inviting open-concept loft with oversized windows that fill the space with natural light, comfortable living and sleeping areas, a fully equipped kitchen, and the convenience of an in-unit washer and dryer. The stylish furnishings and thoughtful layout create a welcoming atmosphere for guests visiting Knoxville for weekend getaways, University of Tennessee events, concerts, business trips, and downtown entertainment. Step outside and experience some of the very best that Knoxville has to offer. Situated in the vibrant Arts District and just steps from the Old City, this property places restaurants, coffee shops, breweries, galleries, and nightlife practically at your doorstep. Market Square and Gay Street are just a short stroll away, offering an incredible selection of dining, shopping, entertainment, and year-round events. Enjoy convenient access to the Tennessee Theatre, Bijou Theatre, World's Fair Park, the University of Tennessee, and Knoxville's exciting downtown attractions, including Covenant Health Park. For investors, the combination of a highly walkable downtown location, established short-term rental use, and a completely furnished interior makes this a compelling opportunity. For those seeking a second home or downtown getaway, enjoy the convenience of having your own place in the center of Knoxville's thriving urban scene. Whether you're looking to expand your investment portfolio or enjoy downtown Knoxville living, this Sterchi Lofts condominium offers location, character, convenience, and flexibility in one exceptional package. Buyers to verify Sq ft, HOA, and Taxes

Schools Information

Sorry, school information is not available for this listing.

Building Description

Building Style: Historic
Type: High Rise
Site Built: Yes
Year Built: 1920
Total Rooms: 2
SqFt (Total): 620
SqFt (Main Lvl): 620
Full Baths: 1
1/2 Baths: 0
Fireplace: No
Bonus Room: No
Basement: No
Basement Type: None

  Exterior Features

Features: Windows - Aluminum
Construction: Brick, Steel
Siding: Stone, Other

  Appliances

Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Self Cleaning Oven, Smoke Detector, Washer

  Room Dimensions

  Interior Features

Dining Area: KitchenDining Rm Co, Living RmDining Rm
Floors: Other
Misc Features: Elevator, Internet Available, WasherDryer Connect, Wired for Internet

  Property Details

Acreages: 0.01
Lot Description: Other
View: City

Utilities

Fuel Types: Electric

Financing

Finance Options: Alternative, Cash

  HOA Information

Restrictions: Yes
HOA: Mandatory
HOA Fee: 151
HOA Freq: Monthly
HOA Contact: Sterchi Lofts HOA 865-673-6300

Heating & Cooling

Fireplace(s): No
Total Fireplaces: 0
Fireplace Type(s): None
Cooling Type(s): Central Cooling
Heat Type(s): Central

Garage / Parking

Off-Street Parking, On-Street Parking, Other

  Community Features

Architect Restricted, Elevator, Exercise Room, Extra Storage, Sidewalks

Outbuildings


Presented By: / Terminus Real Estate, Inc.

Up Coming Open Houses

Sorry, no open houses are currently available for this listing.

Directions

Located at the 100 block on the corner of Summit Hill and S Gay St



Your commute

( Departing today at 8:00am )


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