$370,000
Mixed-use opportunity on Highway 49 with approximately $4,350/month projected rental income and strong commercial upside. Formerly known as the Airport Bar & Grill, this property in historic Mariposa, CA was a commercially zoned restaurant space (currently used as the owner’s residence) along with three separate freestanding residential units, including a studio, one-bedroom apartment, and a one-bedroom home with a loft, offering multiple income streams. Current rents total $2,850/month, with the owner-occupied unit to be delivered vacant at closing and estimated to rent for $1,500/month, bringing pro forma income to approximately $4,350/month. The high-visibility Highway 49 location benefits from consistent local and tourist traffic, making it well suited for a restaurant, bar, market, or other retail use. While the property does require repairs and has deferred maintenance, inspections and reports are available for buyer review, providing transparency and a clear path for improvements. Additional features include spacious rear and side yards with established landscaping.
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Listed by Kori Smith with Concierge Homes (209) 742-4580
Property Type
Mixed Use
Status
Active
MLS Number
MP26077828
Year Built
1948
Lot Size
0.43 acres