0.43 Acres Lot
0.43 Acres Lot
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID MP26077828
HOA Y/N No
Year Built 1948
Lot Size 0.430 Acres
Property Sub-Type Mixed Use
Property Description
Positioned along highly traveled **Highway 49 in historic Mariposa**, this versatile mixed-use property offers a compelling combination of existing rental income, commercial visibility, flexible use, and value-add potential in one of the area's key corridors to Yosemite National Park.
Formerly home to the well-known **Airport Bar & Grill**, the commercially zoned main space is currently configured as the owner's residence and will be delivered vacant at closing. The space presents an opportunity for an owner-user or investor to reestablish a restaurant, bar, café, market, retail business, or other compatible commercial use, subject to applicable zoning and approvals.
The property also includes three separate freestanding residential units: a studio, a one-bedroom apartment, and a one-bedroom home with a loft. Together, these units provide diversified rental income and flexibility for long-term tenants, additional owner-user accommodations, or other permitted uses.
The residential units currently generate approximately **$2,850 per month in rental income**. Based on market estimates, the vacant commercial/residential unit could potentially generate an additional **$1,500 per month**, representing projected gross rental income of approximately **$4,350 per month** when fully leased.
The property is being offered with known deferred maintenance and repair needs, creating an opportunity for a buyer to evaluate improvements and reposition the property to suit their investment strategy. Available inspections and property reports provide additional information for buyers to review as part of their due diligence.
Spacious side and rear yards with mature landscaping add to the property's flexibility and offer additional potential for outdoor use, subject to applicable regulations.
Whether you're looking for an income-producing mixed-use investment, live/work property, owner-user opportunity, or commercial repositioning project, this Highway 49 property offers a rare combination of established residential cash flow, prominent frontage, multiple structures, and significant upside potential in Mariposa.
Location
State CA
County Mariposa
Area Mp5 - Mariposa 5
Interior
Heating Wood Stove
Cooling Evaporative Cooling
Fireplaces Type None
Fireplace No
Laundry Inside
Exterior
Pool None
Community Features Rural
Utilities Available Electricity Connected
View Y/N No
View None
Total Parking Spaces 12
Private Pool No
Building
Lot Description Corner Lot, Garden
Story 1
Entry Level One
Sewer Septic Tank
Water Well
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 0120800060
Acceptable Financing Cash, Owner May Carry
Listing Terms Cash, Owner May Carry
Special Listing Condition Standard
Nearby Locations
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