22 West Main StreetIone, CA 95640
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$5,931Historic Commercial Property! Rare Prime Investment Opportunity with excellent Cap rate groth potential. Located in the heart of historic Ione, home of iconic Preston Castle, this charming property offers a unique blend of residential and commercial income potential. Just steps from popular restaurants, shopping, and the iconic Preston Castle, this property is a rare investment opportunity. Features include: - A one-bedroom apartment, successfully operated as a temporary vacation rental with consistent bookings. - A studio apartment, also frequently rented as a temporary vacation rental. - A beautifully updated two-bedroom apartment, nearly complete and awaiting final permits. A convertible storage space, ideal for transforming into another rentable studio. - The commercial portion of the building is leased by a long-term tenant that recently renewed their 5 year lease, providing stable and reliable income. A welcoming lobby, beautiful patio, and 15 private parking spaces. With its prime location in the heart of Ione and a solid mix of commercial and residential spaces, this property presents an attractive investment opportunity. Ideal for investors seeking a combination of historic charm, stability, and long-term profitability.
3 days ago | Listing updated with changes from the MLS® | |
3 months ago | Listing first seen on site |
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Information last updated 2024-10-29 05:00 PM PDT
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