COMPANY REFERENCE: R-2751
FULLY RENOVATED HISTORIC PROPERTY WITH AIRBNB AND RETAIL SPACE
Available for purchase is a fully renovated, income-generating investment property featuring a versatile ground-floor retail space that is currently leased to a gift store, but the space could be redefined and leased to another user. The upper level is a completely furnished apartment operating as an Airbnb.
INVESTMENT HIGHLIGHTS
? Historic building in a prime location with excellent visibility and foot traffic
? Turnkey ground-floor retail space, currently occupied by a gift shop owned by the seller; buyers can lease the space to a wide range of other businesses.
? Furnished Airbnb apartment on the upper level, currently operating as a short-term rental with significant potential to increase revenue; historically underutilized due to use by family members
? Private lot with dual access, ample parking, and a heated garage
? Completely renovated with modern systems and finishes throughout the property
REASON FOR SALE:
Retirement
PURCHASE PRICE:
The purchase price is $830,000 – Includes the building, all Airbnb furnishings, and fixtures, furniture & equipment (FF&E) from the retail gift shop. Property is offered free and clear of liabilities.
FINANCIAL SUMMARY:
2024 REVENUE FROM GIFT SHOP AND AIRBNB
Gift Shop ACF - $59,532
Airbnb Income - $32,000
Total = $91,532
POTENTIAL REVENUE FROM RETAIL SPACE LEASE AND AIRBNB
Retail Space 2,100 sqft ($22/sqft) - $43,200
Airbnb at 60% occupancy ($270/night) - $59,130
Total = $102,330
Ad#:2359218
