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For Sale
$1,100,000

502 Pennlyn Ave, Cumberland Gap, TN 37724

Historic Wedding and Event Venue with Guest House with multiple income streams- Business and Property

Property Size5,600 SF
Lot Size0.34 Acres
Price / SF$196.43
Days on Market46

Property Features for 502 Pennlyn Ave

General Information

Standard status Active
Property type Wedding venues, Specialty properties
Size 5,600 SF
Total Parking Spaces 100
Elevators No
Lot size 0.34 Acres
Investment Type Owner User

Building Details

Year Built 1890
Year Renovated 2021
Buildings 3
Stories 2
Listed By: Bill Linn
Added: Sep 8
Rey
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Investment Insights

Based on property information with market context.

Key Highlights

  • Historic landmark venue with capacity for
  • approximately 100 guests
  • High occupancy Airbnb that sleeps 10 and has a 5 star rating. Fully furnished. Ready to rent.

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

The Olde Church Events ... Hotel & Motel

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Barber Shop Real Estate Agency Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

93
Businesses Nearby

Demographics for 37724, TN

2,581
Population
1,351
Households
1.9
Avg Household Size
40
Median Age
35%
College-Educated
87%
High-School Grad
21.6 sq mi
ZIP Area
119
Density / Sq Mi
$34,694
Median Household Income
$26,960
Median Earnings
$800
Median Rent
$144,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Frequently Asked Questions

What type of property is this?
Wedding venue - Historic Wedding and Event Venue with Guest House with multiple income streams- Business and Property
Where is this wedding venue located?
The property is located at 502 Pennlyn Ave Cumberland Gap, TN.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Historic landmark venue with capacity for; approximately 100 guests; High occupancy Airbnb that sleeps 10 and has a 5 star rating. Fully furnished. Ready to rent.
More about this property
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