Downieville CA Commercial for Sale
- Type:
- Other
- Sq.Ft.:
- 5,118
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.08 Acres
- Year built:
- 1947
- Baths:
- MLS#:
- 224122802
View additional info
Courtesy: Coldwell Banker Commercial Grass Roots Realty
272-7222
ADDITIONAL INFORMATION
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
Barbara Lynn Simmons, CALBRE 637579, Xome Inc., CALBRE 1932600, [email protected], 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361
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Downieville Real Estate
The median home value in Downieville, CA is $325,000. This is lower than the county median home value of $345,200. The national median home value is $338,100. The average price of homes sold in Downieville, CA is $325,000. Approximately 20.87% of Downieville homes are owned, compared to 0% rented, while 79.13% are vacant. Downieville real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Downieville real estate agent to arrange a tour today!
Downieville, California has a population of 92. Downieville is less family-centric than the surrounding county with 0% of the households containing married families with children. The county average for households married with children is 16.21%.
The median household income in Downieville, California is $98,589. The median household income for the surrounding county is $56,152 compared to the national median of $69,021. The median age of people living in Downieville is 68.2 years.
Downieville Weather
The average high temperature in July is 84.8 degrees, with an average low temperature in January of 28.1 degrees. The average rainfall is approximately 54.4 inches per year, with 115.1 inches of snow per year.