Homes for sale - 200 Main ST, Downieville, CA 95936

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$745,000

Est. payment - /mo

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3,485 Sqft Lot

Active

200 Main ST Downieville, CA 95936

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Leopoldo Ramos

realestate@leopoldoramos.com +1(209) 988-2423

UPDATED:

11/05/2024 03:49 AM

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

Listed by Coldwell Banker Commercial Grass Roots Realty

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Leopoldo Ramos

Agent | License ID: 02060913

+1(209) 988-2423