For Sale
$745,000

200 Main StDownieville, CA 95936

Historic Downtown, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Highlights

  • Exceptional mixed-use property in historic Downieville, CA, totaling 5,118 square feet.
  • Ground floor features a thriving cafe, ice cream parlor, wine bar, and beer garden with potential $2,000 monthly lease income.
  • Upper level contains three professionally managed Airbnb units generating approximately $90,000 annual revenue.
  • Recent renovations include exterior facade, paint, plumbing, and commercial equipment upgrades.
  • Projected annual NOI of $65,225, representing an 8.75% cap rate.
  • Asking price: $745,000.

Property Details for 200 Main St

Property type
Specialty properties, Land
Square Feet
5,118 SF

Location Insight

City
Downieville
County
Sierra
State
California
Latitude
39.559963
Longitude
-120.8287964
200 Main St, Downieville, California

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200 Main St
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