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
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0BEDS
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0.08ACRES
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0BATHS
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01/2 BATHS
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5,118SQFT
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$142$/SQFT
School Ratings & Info
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
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