Wedding and Multi-use Event Venue and Five Bedroom Guest House
For Sale by Owner $1,450,000
The Olde Church Events Center in Cumberland Gap and Parsonage Guest House
502 & 504 Pennlyn Avenue Cumberland Gap, TN 37724
Well-established profitable wedding and event venue with a large client base and unlimited earning potential. Business sold with property and buildings including all furnishings and fixtures. Existing bookings cross over with sale. Walk in and start making money on day one
Property overview
All inclusive 3000 square foot decommissioned church, 2800 square foot guest house, 5000 sq foot gardens and 280 square foot commercial kitchen on a corner half acre lot in the Historic Town of Cumberland Gap - located at the intersection of East Tennessee, Virginia and Kentucky.
Property Zoning: No restrictions commercial (excluding alcohol sales)
Highlights
Restored 1890 Methodist Church featuring 1500 square feet multi-use event space with two ADA compliant bathrooms plus multi-use backroom, offices/owners quarters and staff bathroom. Occupancy 100 - 125
Restored 1940 Parsonage Guest House attached to the Church featuring five bedrooms and 3 full bathrooms. 5 stars on Airbnb and Super Host. Occupancy 10
Fully licensed commercial kitchen built in 2022. Large stainless work stations, double oven with twin refrigerator and plenty of storage. Eight shelf warmer.
Gardens and outdoor event space coveraging 5000 square feet with outdoor tent and furniture.
Two auxiliary buildings with unlimited potential.
Walking distance to three restaurants/bars, other hotels and the Cumberland Gap National Park trails
Parking for more than 100 guests
Repeat customers from nine county area, with primary business of Weddings, baby showers, fundraisers, events related to Lincoln Memorial University and many local businesses and churches.
Only wedding and event venue in the immediate area. Booked on average of 3-5 times per week including Yoga and other weekly events.
4.9 Rating on Google. 5.0 Rating on Facebook.
All social handles, customer lists and domain names included.
About Cumberland Gap
The Town of Cumberland Gap is located approximately only an hour north of Knoxville at the tri-state border of Tennessee, Kentucky, and Virginia. The town is a magical place to consider spending the day, a weekend, or even longer. More about the town: https://www.townofcumberlandgap.com
Featured in Southern Living Magazine
The town of Cumberland Gap, Tennessee, is located inside the Cumberland Gap National Historical Park. Nearly 1 million people visit the park every year and the park is the backdrop for the Olde Church. For more information, please visit: http://www.nps.gov/cuga
Adjacent to Cumberland Gap is Lincoln Memorial College, a private university in Harrogate, Tennessee. LMU's 1,000-acre (4.0 km2) campus borders on Cumberland Gap National Historical Park. As of fall 2023, it had 1,605 undergraduate and 4,200 graduate and professional students. LMU is accredited by the Southern Association of Colleges and Schools. In March 2019, the LMU Duncan School of Law received full accreditation by the American Bar Association. The university's Abraham Lincoln Library and Museum displays and interprets a large collection of memorabilia relating to the school's namesake, Abraham Lincoln, and the Civil War. The collection was initially formed from donations by the school's early benefactor, General Oliver O. Howard, and his friends. For more information, please visit: http://www.lmunet.edu
About the owners:
Owners Bill and Tammy Linn are owners of all properties located at 502 & 504 Pennlyn Avenue Cumberland Gap, TN 37724. They purchased the property in 2021 and opened for business in May 2022. Since opening they have held more than 800 events in the church.
They are looking to sell to move closer to their daughter, who currently lives in New York.
The Linn’s hold their business and properties in The Olde Church in Cumberland Gap, LLC and Pennlyn Properties LLC.
Also available is an off-site 3 bed/2 bath home with a 1400 square feet storage garage on 3.5 acres 12 minutes from The Olde Church. Currently owned by Pennlyn Properties, LLC. For Sale by Owner $349,000
Four revenue pillars:
Indoor and outdoor event rental space: See price link
https://theoldechurch.com/pricing
Parsonage Airbnb and private rental home: See price
Established catering business with experienced Executive Chef.
Event party rental: Hundreds of items for rental with various prices
Revenue:
2023 gross revenue: $55,000
2024 gross revenue: $160,000
2025 estimated gross revenue: $225,000
Social Handles:
Facebook: https://www.facebook.com/theoldechurch/
Rental Links:
Olde Church Details
Restored in 2021.
Including:
- Certificate of Occupancy
- Fully handicapped accessible from street to sanctuary.
- Two ADA Compliant bathrooms.
- New 30 year roof installed in 2021
- New plumbing including two new bathrooms and commercial kitchen
- New electrical panel and 80% of new wiring
- Three new mini splits with heat pumps calculated to cool/heat the main room. Two large variable speed fans.
- New insulation in floor, walls and attic. Two inch foam layer on roof.
- New floor structure and repairs to foundation and walls.
- Restored windows and two new windows.
- Restored staff full bathroom.
- Twin 12x12 offices/staff quarter with extensive storage storage.
Contents:
- White folding chairs (100)
- 8-foot folding banquet tables (15)
- 6-foot folding banquet tables (4)
- 5-foot banquet tables (4)
- 3 and 4 foot folding banquet tables (3)
- 12 six foot round tables seating 10
- 6 antique pews (est 150 years old) each seating five people
- Yamaha sound system
- Church antiques included in curio cabinet
- Wine fridge
Commercial Kitchen:
Built in 2022
- Tennessee Department of Health Licensed and Compliant Kitchen with no restrictions
- Health Department annual inspection rating: 99/100
- Highest rated kitchen in Cumberland Gap, Tennessee
- Executive Chef Lana Nau
- All new appliances including two refrigerators, water heater and dual oven stove
- A total of 34 square feet of stainless prep space with two large shelves
- Mop sink
- Hand sink
- Three bay wash sink
- Water/Prep sink with service shelf
- Shelving
- Vented hood
- Store room shelving
- Locked storage space
Parsonage Guest House
Restored in 2023.
Fully restored 1940 home. 60% annual occupancy average of bookable dates
House sold “ready to rent” as sale includes all furniture, beds, art/decorations and appliances.
In 2022, construction included three newly renovated bathrooms, new windows, new hardwood floors throughout entire house, new 30 year roof, new insulation, new deck, all new electrical including up to code panel, new plumbing and water heater, two new HVAC systems (4 ton and 2 ton)
Six new beds from Johnson City Bedding (Purchased in 2023) - One king, three queens and two twins. Bed frames included.
Restored kitchen with all new appliances (stove, fridge, dishwasher and microwave)
Seating for six in kitchen