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Listed by Kori Smith • Concierge Homes
$370,000
Est. payment /mo
3,360 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Active
Purchase Type For Sale
Square Footage 3,360 sqft
Price per Sqft $110
MLS Listing ID MP-26077828
Year Built 1948
Lot Size 0.430 Acres
Property Sub-Type Commercial/Residential
Source California Regional Multiple Listing Service (CRMLS)
Property Description
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.
Location
State CA
County Mariposa
Area Mp5 - Mariposa 5
Interior
Heating Wood Stove
Fireplaces Type None
Laundry Inside
Exterior
Pool None
Community Features Rural
Utilities Available Electricity Connected
View Y/N No
View None
Building
Lot Description Corner Lot, Garden
Sewer Conventional Septic
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John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900