200 Main StDownieville, CA 95936

This meticulously maintained, 5,018 sq. ft. mixed-use building in Downieville, CA presents a unique investment opportunity. Located at 200 Main St, this two-story, 1946-built property (renovated in 2022) sits on a 0.08-acre lot (APN: 003-102-001-000) and boasts a prime location along Highway 49 in the heart of the Lost Sierra region. The ground floor features retail space currently operating as a cafe, ice cream parlor, wine bar, and beer garden, with a potential lease of $2,000/month post-sale. The upper level comprises 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 is zoned CR and offers a projected net operating income (NOI) of $65,225 annually, resulting in an attractive 8.75% cap rate (including a 15% management fee for the Airbnb units). Downieville, a historic mountain town nestled by the North Yuba and Downie rivers, offers year-round attractions, including world-class mountain biking and art galleries. This turnkey operation provides a strong cash flow and significant upside potential for the savvy investor. The established third-party management company for the Airbnb units is willing to continue under new ownership. Asking price: $745,000.