Business ID: R-2751

Asking Price: $830,000

Revenues: $242,675

Cash Flow: $91,532

 

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