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**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 immediate rental income, value-add potential, and outstanding flexibility for investors or owner-users. Formerly home to the well-known Airport Bar & Grill, the property includes a commercially zoned restaurant space"”currently configured as the owner's residence"”that will be delivered vacant at closing, creating an excellent opportunity to reopen a restaurant, bar, café, market, retail business, or other commercial venture. With excellent highway frontage and steady local and visitor traffic, the location offers outstanding visibility in one of the primary gateways to Yosemite National Park. In addition to the commercial space, the property includes three separate freestanding residential units consisting of a studio, a one-bedroom apartment, and a one-bedroom home with a loft, providing diversified rental income and multiple occupancy options. The residential units currently generate approximately $2,850 per month in rental income. Based on market estimates, the owner-occupied commercial/residential unit could generate an additional $1,500 per month, bringing projected gross rental income to approximately $4,350 per month. While the property offers significant upside, it is being sold with known deferred maintenance and repair needs. Inspections and property reports are available for buyer review, providing transparency and allowing purchasers to evaluate improvement opportunities and maximize the property's long-term potential. Additional amenities include spacious side and rear yards with mature landscaping, further enhancing the property's flexibility and future possibilities. Whether you're seeking a mixed-use investment, a live/work opportunity, or a commercial redevelopment with established residential income, this Highway 49 property offers a compelling combination of cash flow, visibility, and upside in one of Mariposa's most desirable commercial corridors.
Property Type(s):
Residential Income
| Last Updated | 4/23/2026 | Year Built | 1948 |
|---|---|---|---|
| Community | MP5 - Mariposa 5 | County | Mariposa |
Additional Details
| AIR | Evaporative Cooling |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | MP5 - Mariposa 5 |
| EXTERIOR | Garden |
| HEAT | Wood Stove |
| LOT | 0.43 acre(s) |
| LOT DESCRIPTION | Corner Lot, Garden |
| LOT DIMENSIONS | 18731 |
| POOL DESCRIPTION | None |
| SEWER | Septic Tank |
| STORIES | 1 |
| UTILITIES | Electricity Connected |
| VIEW DESCRIPTION | None |
| WATER | Well |
Location
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Listed with Concierge Homes
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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