603 W Main St Unit #503, Knoxville, TN 37902
- $339,000
- 1
- BD
- 1
- BA
- 507
- SqFt
- Sold Price
- $339,000
- List Price
- $319,000
- Status
- CLOSED
- MLS#
- 3594799
- Days on Market
- 0
- Closing Date
- Feb 27, 2026
- Bedrooms
- 1
- Bathrooms
- 1
- Full Bathrooms
- 1
- Living Area
- 507
- Lot Size
- 21,344
- Acres
- 0.49
- County
- Knox County
Property Description
The 50 apartments in the Medical Arts Building (MAB) are being converted into condominiums and are now offered for the first time as a purchase option! New owners will enjoy the fantastic location between the downtown core and The University of Tennessee. All units are conveyed with a washer/dryer set and all major kitchen appliances. Tile flooring, remodeled bathrooms, granite countertops, stainless steel appliances in the open kitchens, and plenty of natural light create a comfortable living area. Unit sizes vary from 515 square feet to 2,101 square feet. No short-term rentals are permitted. The minimum lease term will be 180 days. The MAB, an ornate Gothic Revival style building built in 1932 by Lexington, Kentucky architecture firm Manley and Young, was placed on the National Register of Historic Places on May 24, 1984. Originally planned as a 13-story building, the plans were scaled back due to the Great Depression to what we see today as a 10-story high rise, including the attached 4-story parking garage. Owners will have the opportunity to purchase parking in the private, interior garage. The decorative terra cotta and dark green spandrel panels on the exterior of the East and South facing facades show the attention to detail, which was rarely seen in the southeast at that time. The MAB was once home to a pharmacy, a bank, a beauty shop, a florist, and several restaurants. A bowling alley and a putt-putt golf course also entertained tenants and visitors! The building experienced its share of hardships. In 1985, it was completely renovated and once again became a favorite location for many well-known doctors, dentists, attorneys, accountants, and other professionals. Thomas B. Grace, a real estate investor from Chicago, purchased the building in 2006. The plan was to leave it as a multi-tenant office building for many years, but the recession changed everything.
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Additional Information
- Amenities Other
- Ceiling Fan(s)
- Association Fee
- $155
- Association Fee Frequency
- Monthly
- Basement Description
- Other
- Construction Type
- Stone, Other, Brick
- Cooling System
- Central Air, Ceiling Fan(s)
- Floor Types
- Tile
- Green Features
- Windows
- Heating System
- Central, Electric
- Interior Other
- Ceiling Fan(s)
- Laundry
- Washer Hookup, Electric Dryer Hookup
- Living Area
- 507
- Lot Description
- Corner Lot
- Lot Dimensions
- 74.33 x 206.83 x IRR
- Sewer System
- Public Sewer
- Style
- Other
- Subdivision
- The Medical Arts Building
- Subtype
- High Rise
- Unit Number
- 503
- Water Source
- Public
- Year Built
- 1930
- Style
- Other
- Type
- Condo
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Listing courtesy of Alliance Sotheby's International Realty. Selling Office: Alliance Sotheby's International Realty.
Information Is Believed To Be Accurate But Not Guaranteed. Some or all listings may or may not be listed by the office/agent presenting these featured properties. Copyright 2026 MTRMLS, Inc. RealTracs Solutions.