Highway 49 Mixed-Use Investment with Multiple Income Streams & Commercial Potential 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. Highway frontage and consistent local and visitor traffic provide excellent exposure and visibility. 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. A distinctive value-add opportunity with the visibility, income, and flexibility to support a variety of investment and business strategies.
Investment Opportunity!This unique property offers two separate homes on nearly an acre in the beautiful Sierra Foothills. Ideal for investors seeking steady rental income or buyers looking to live in one home, while the other pays the mortgage. Both homes offer character, flexibility and room to add value.Each home has a private entrance, yard and deck. The property has a strong long-term rental demand. Excellent location on Highway 49 with easy access to downtown, schools and outdoor recreation. Close to Yosemite National Park - a year-round destination for visitors and employees.
Mariposa is located in California. Mariposa, California has a population of 1,305. Mariposa is more family-centric than the surrounding county with 32.05% of the households containing married families with children. The county average for households married with children is 20.93%.
The median household income in Mariposa, California is $30,061. The median household income for the surrounding county is $53,304 compared to the national median of $69,021. The median age of people living in Mariposa is 49.3 years.
The average high temperature in July is 93.1 degrees, with an average low temperature in January of 31.4 degrees. The average rainfall is approximately 31.3 inches per year, with 2.9 inches of snow per year.
