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The Carriage House Lofts 200 Main St

5,118 SF 100% Leased Retail Building Downieville, CA 95936 $1,056,015 CAD ($206 CAD/SF)

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Investment Highlights

Prime Location & Appeal: Situated in historic Downieville on the Yuba River, with year-round attractions in the scenic Tahoe National Forest.
Turnkey Condition: Recently renovated with new facade, fresh paint, upgraded plumbing, and commercial equipment.

Diverse Revenue Streams: Mixed-use property featuring retail space and three professionally managed Airbnb units.
Highway 49 Access: Positioned in the growing Lost Sierra region, appealing to tourists and outdoor enthusiasts year-round.

Executive Summary

Mixed-use investment opportunity available in Downieville along the Yuba River! This meticulously maintained, 5,018 sq.ft. mixed-use building combines ground-floor retail space with three professionally managed Airbnb units on the upper level, each featuring one bed and 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, with a charming downtown that includes accommodations, restaurants, shops, world-class mountain biking & art galleries