Unlock the potential of this rare Main Street property offering both high-visibility commercial frontage and residential living overlooking the water! Perfect for the entrepreneur, investor, or anyone seeking to work and live in the heart of a vibrant island community. Built in the early 1900's and zoned commercial/residential, the street-level location provides excellent exposure with steady foot traffic--ideal for a variety of businesses such as a small boutique, cafe, deli, or professional office--with the convenience of village living. The building has 2 commercial spaces with separate entrances, providing flexibility for 1-2 small business, and a residential area in the rear with a private entrance. The build is sited over the Mill Stream and enjoys ocean views from almost every window. Recent improvements include new thermopane windows, some insulation, a partially plumbed 1st floor bathroom and potential on 2nd level for a 1/2 bath, and a partially-plumbed kitchen. This is a clean palette awaiting your finishing touches! Whether you're dreaming of running your own business steps from home, seeking rental income, or wanting a long term investment, this versatile property delivers. This is a rare chance to plant your roots on Main Street and build exactly the lifestyle you imagine! (Proceeds from the sale of this property will be reinvested in the Vinalhaven community in ways that align with the Star of Hope Foundation's mission. The funds will be used for on island priorities. See MLS#1649125 for residential listing details)