1342 Main St Newman, CA 95360-1313

This exceptional 6,400 square foot property, located at 1342 Main Street in the heart of downtown Newman, California, presents a rare investment opportunity. Built in 1907 and recently renovated, this charming historical hotel offers a unique blend of old-world charm and modern amenities. The building sits on a 0.17-acre lot and comprises fourteen rental units on the upper floor, providing a consistent stream of rental income. The ground floor features a thriving restaurant/salon combination, a storefront, and an office, further enhancing the property's income-generating potential. This versatile property is ideal for an investor seeking a strong return on investment or a visionary entrepreneur looking to capitalize on the existing businesses and rental income. The property's prime downtown location ensures high visibility and accessibility, making it an attractive destination for both residents and tourists. The combination of historical significance, established businesses, and substantial rental income makes this a truly exceptional opportunity in the vibrant town of Newman. The recent renovations ensure the property is well-maintained and ready for immediate occupancy and operation. This is a turnkey operation with significant upside potential for the right buyer. The asking price is $950,000.