416 S Gay St #204, Knoxville, TN 37902
(MLS # 1323885)
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Stunning 2BR Loft for Lease! The iconic JC Penny Building, originally constructed in 1905, was given a new life when it was transformed in 2016 into a mixed-use development - now home to seventeen loft residences, along with Maple Hall - ''a spirited bowling experience''. This chic two-bedroom residence features an expansive great room with a Juliette balcony, soaring ceilings, and open dining area and kitchen, complete with concrete countertops, sleek cabinetry, and stainless appliances. This impressive loft boasts an elegant blend of modern & refined-industrial styles, while retaining the historic character of the rustic exposed brick, plaster walls, and original exposed structural beams. Additional features include generous closets/storage, a separate laundry room complete with a washer/dryer, and controlled elevator access along with fob/coded access at both the front Gay Street entrance, as well as the back entrance, which opens onto the Promenade Garage. 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 JC Penny Lofts. Public parking is offered directly behind the building in the attached Promenade Garage. Owner pays for two monthly permits for this garage. And in the nearby State St. Garage, parking is currently free on nights and weekends. The rent includes 2 monthly parking permits and water/sewer. In addition to the rent, a $75 application fee per person, $3400 Security Deposit, and $350 cleaning fee shall be paid upon lease execution. Owner prefers no pets but is willing to consider on a case-by-case basis. This property is non- smoking and is available for immediate occupancy.
| LAST UPDATED | 12/9/2025 | TRACT | JC Penny Lofts |
|---|---|---|---|
| YEAR BUILT | 1905 | COMMUNITY | Knox County - 1 |
| COUNTY | Knox County - 1 | STATUS | Active |
| PROPERTY TYPE(S) | Rental Properties |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AMENITIES | Insurance, Maintenance Grounds |
| APPLIANCES | Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer |
| AREA | Knox County - 1 |
| BASEMENT | None |
| CONSTRUCTION | Brick |
| HEAT | Central, Electric, Heat Pump |
| HOA DUES | Monthly |
| INTERIOR | Breakfast Bar, Eat-in Kitchen, Elevator |
| LOT DESCRIPTION | Other |
| LOT DIMENSIONS | 0 |
| PARKING | Other |
| STYLE | Contemporary, Historic |
| SUBDIVISION | JC Penny Lofts |
| VIEW | Yes |
| VIEW DESCRIPTION | City |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Downtown Realty, Inc.
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