200 Main ST Active Save Request In-Person Tour Request Virtual Tour
Downieville,CA 95936
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 224122802
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1947
Lot Size 3,485 Sqft
Acres 0.08
Property Description
Mixed-use investment opportunity available in Downieville, along the Yuba! This meticulously maintained, 5,018 sq.ft. mixed-use building combines ground-floor retail space w/ three professionally managed Airbnb units on the upper level, each featuring one bed & one bath. Recent renovations include a new back facade, fresh paint throughout, upgraded plumbing, & new refrigeration & commercial equipment. The current owner operates the ground-floor retail spaces which include a cafe, ice cream parlor, wine bar, & beer garden-and is willing to lease this space for $2,000/month post-sale. The established third-party management company for the Airbnb units is also willing to continue under new ownership. With proforma revenue of approximately $90,000 per year from the Airbnb units, the total projected net operating income (NOI) for the property is $65,225 annually, reflecting an attractive 8.75% cap rate, which includes a 15% management fee for the Airbnb units. Located along Highway 49 in the Lost Sierra region of the Tahoe National Forest, Downieville is a historic mountain town founded in 1849. Nestled by the North Yuba & Downie rivers, it offers year-round attractions, w/ a charming downtown that includes accommodations, restaurants, shops, world-class mountain biking & art gallerie
Location
State CA
County Sierra
Area Sierra County
Direction Highway 49 to Downieville
Location Details Neighborhood,Downtown,Restaurant Nearby,Shopping Nearby,Hotel/Motel Nearby
Interior
Heating Central,Electric,See Remarks
Cooling Central,Wall Unit(s),Window Unit(s)
Flooring Vinyl,Linoleum
Exterior
Parking Features Parking Lot 1 Block,Common Area Shared
Utilities Available Backup Generator,Telephone,Internet Available,Master Gas Meter,Master Water Meter
Water Access Desc Water District,Public
Roof Type Composition,Shingle
Building
Sewer Septic System
Water Water District,Public
Others
Senior Community No
Tax ID 003-102-001-000
Special Listing Condition None