200 Main St

For Sale

200 Main St, Downieville, CA 95936

This Downieville property for sale is located at 200 Main St. The current listed sale price for 200 Main St is $745,000.

Contacts

broker
Roxanne Mirdamadi

Coldwell Banker Grass Roots Realty

Property Details

  • Property Type Other
  • Additional Rent Contact for pricing
  • Year Built 1947
  • Date Updated Jan 6, 2025
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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Getting around

  • 37/100

    Walk Score ®

  • 14/100

    Bike Score ®

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Location

  • City Downieville, CA
  • Neighborhood Downieville
  • Zip Code 95936

Points of Interest

  • Cannon Point

    0.29 miles

  • Carriage House Inn

    0.03 miles

  • Riverside Inn

    0.05 miles

  • Downieville River Inn & Resort

    0.10 miles

  • Lure Resort

    0.88 miles

  • Sierra Shangri-la Hotel and Resort

    2.59 miles

  • Kokanee Kabins

    8.62 miles

  • Sierra Pines Resort

    9.92 miles

  • Downieville Grocery Store

    0.02 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Roxanne Mirdamadi

Coldwell Banker Grass Roots Realty