200 Main St Downieville, CA 95936

This exceptional mixed-use property in historic Downieville, CA, presents a compelling investment opportunity. Located at 200 Main Street, this 5,118 square foot building boasts a thriving ground-floor retail space currently operating as a cafe, ice cream parlor, wine bar, and beer garden, with a potential lease income of $2,000 per month post-sale. The upper level features three professionally managed Airbnb units, each with one bedroom and one bathroom, generating approximately $90,000 in annual revenue. Recent renovations include a new back facade, fresh paint, upgraded plumbing, and new refrigeration and commercial equipment. The property benefits from an established third-party management company for the Airbnb units, willing to continue under new ownership. This results in a projected net operating income (NOI) of $65,225 annually, representing an attractive 8.75% cap rate (including a 15% management fee for the Airbnb units). Situated along Highway 49 in the Lost Sierra region of the Tahoe National Forest, Downieville offers year-round appeal, nestled by the North Yuba and Downie rivers. This charming mountain town, founded in 1849, features a vibrant downtown with accommodations, restaurants, shops, world-class mountain biking, and art galleries. The asking price for this meticulously maintained property is $745,000. This is a rare chance to acquire a turnkey, high-performing investment in a desirable location.