Property Details
About this Property
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
MLS Listing Information
MLS #
ME224122802
MLS Source
MetroList Services, Inc.
Days on Site
18
Commercial Information
# Buildings / # Units
0
Parking Spaces
0
Present Use
Mixed
Utilities
Water - Public
Interior Features
Flooring
Linoleum, Vinyl
Cooling
Central Forced Air, Window/Wall Unit
Heating
Central Forced Air, Electric, Other
Exterior Features
Roof
Composition, Shingle
Parking, School, and Other Information
Sewer
Septic Tank
Water
Other, Public
Zoning
Commercial
Contact Information
Listing Agent
Tyson Tucker
Coldwell Banker Commercial Grass Roots Realty
License #: 01804034
Phone: (530) 272-7222
Co-Listing Agent
Roxanne Mirdamadi
Coldwell Banker Grass Roots Realty
License #: 02106953
Phone: (310) 612-6124
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 0 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
200 Main St is a Commercial Sale in Downieville, CA 95936. This 5,118 square foot property sits on a 3,485 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $745,000 and was built in –. This address can also be written as 200 Main St, Downieville, CA 95936.
©2024 MetroList Services, Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MetroList Services, Inc.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of November 05, 2024. For the most current information, please contact Tyson Tucker, (530) 272-7222
