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Investment Highlights

  • It is the opportunity to acquire an established hospitality platform with proven operating history, strong regional goodwill, multiple income streams
  • Five-bedroom, three-bath Parsonage Guest House sold furnished with antiques - Currently on Airbnb and private rental
  • Historic landmark venue with capacity for approximately 100 guests

Executive Summary

The Olde Church & Parsonage Guest House is a turnkey boutique hospitality and event business located in historic Cumberland Gap, Tennessee. The offering combines a restored 1890 church, a renovated five-bedroom guest house, a licensed commercial kitchen, established operating systems, existing bookings, and multiple revenue streams. The property benefits from its location between Cumberland Gap National Historical Park and Lincoln Memorial University, providing diversified demand from weddings, tourism, university events, corporate gatherings, and private celebrations.

Taxes & Operating Expenses (Actual - 2026) Click Here to Access

Annual Annual Per SF
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99

Taxes & Operating Expenses (Actual - 2026) Click Here to Access

Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $1,100,000
Price Per SF $189.66
Sale Type Owner User
Sale Condition Business Value Included
Property Type
Specialty
  • Specialty Lodge Meeting Hall
Building Class C
Lot Size 0.40 AC
Building Size 5,800 SF
No. Stories 2
Year Built/Renovated 1890/2021
Parking Ratio 17.24/1,000 SF
Zoning Commercial Residential - The entire property is in a commercial zone but the house has grandfathered residential zoning.

Amenities

  • Wheelchair Accessible
  • Air Conditioning
  • Smoke Detector

About 502 PENNLYN AVE , CUMBERLAND GAP, TN 37724

The Olde Church and Parsonage Guest House presents a rare opportunity to acquire a fully operational historic hospitality, lodging, and event venue in the heart of historic Cumberland Gap, Tennessee. Over the past several years, Bill and Tammy Linn have transformed the property into a highly differentiated destination business with multiple revenue streams, strong community relationships, established regional recognition, and significant opportunities for future growth. The venue hosts between 80 and 100 events annually. Originally constructed in 1890, The Olde Church has been carefully restored and repositioned as a boutique wedding venue, event center, and hospitality destination. The property combines a historic church sanctuary, a fully operational five-bedroom guest house, commercial kitchen facilities, event infrastructure, established operating systems, and a recognized brand within the region's tourism and hospitality market. The property's location is one of its most compelling attributes. Situated between Cumberland Gap National Historical Park, which attracts 750,000+ visitors each year (source: 2025 NPS official posted visitor numbers), and Lincoln Memorial University, a rapidly growing private university with nationally recognized programs in medicine, dentistry, veterinary medicine, law, and other advanced degree fields, the property benefits from a diverse and consistent flow of visitors throughout the year. Today, the business generates revenue through weddings, corporate events, private celebrations, tourism-related activities, short-term lodging, equipment rentals, and ancillary hospitality services. In addition to its commercial success, The Olde Church has become an important community asset, hosting tourism organizations, nonprofit groups, educational events, recovery programs, and civic functions throughout the year. For a prospective buyer, this offering represents more than a real estate acquisition. It is the opportunity to acquire an established hospitality platform with proven operating history, strong regional goodwill, multiple income streams, and substantial upside potential through expanded marketing, increased event volume, lodging optimization, and additional hospitality programming. Photos of property: https://kayligenephoto.pixieset.com/mrandmrscaylor/ The offering includes: - Historic church wedding/event venue with existing bookings - Fully renovated Parsonage Guest House with existing bookings* = Licensed commercial kitchen - Existing Bookings (out to 2028) - Event rental inventory - Furnishings and FF&E - Website and social media assets - Operational systems - Vendor relationships - Three months of owner transition training *AIRBNB requires a new account and transition of existing reservations on property sale

Somewhat walkable
20/100
Exceptionally drivable
90/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
001L-B-016.00
Land Assessment
$7,525 (2025)
Improvements Assessment
$28,450 (2025)
Total Assessment
$35,975 (2025)
Annual Taxes
($5,800) (($1.00)/SF)
Tax Year
2026 Payable 2026
  • Listing ID: 42079692

  • Date on Market: 9/7/2026

  • Last Updated:

  • Address: 502 Pennlyn Ave, Cumberland Gap, TN 37724

Contact the Sale Advisor

502 Pennlyn Ave - The Olde Church and Parsonage Guest House

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