Live here, work here or both! Start your dream business in the ultimate location today! Zoned convenience-commercial (CC), currently utilized as a single-family residence, this turn of the century cottage-style building is ready for the updates that suit your vision. CC zoning has many permitted uses including retail, restaurant, office, service business, etc. There are even more uses with a conditional-use permit & mixed residential and commercial uses are available in this zoning too! Nicely-sized corner lot located a few feet from state highway frontage. Anchored by the post office this is a bustling spot for both foot & auto traffic! Almost 1400 SF on the main level plus an unfinished basement & a shed for extra storage. Two outdoor patios already in place! Ample room for on-site parking plus additional public parking nearby. Updates include new Champion windows, flooring, furnace, hot water heater, and more! Start your vacation rental business here, open a Colorado gift shop or even a wine bar! Well-established restaurants (some, even famous) just a few feet away that do amazing business & are an important part of the community identity. Palmer Lake has a thriving live music scene that draws plenty of visitors too! Right across the street is the Lake & park where year-round community events take place that draw 1,000's, like the Palmer Lake Wine Festival and the 4th of July celebration & fireworks! This property is situated in the best part of the village...nestled between Ben Lomand & Sundance Mountains near the glorious Palmer Lake Star (listed on the Historical Register as the largest illuminated star in the world!) & the trailheads leading to National Forest! Palmer Lake is quickly evolving into a destination location due to unlimited outdoor recreation, the most picturesque setting and a laid-back vibe you only find in the most spectacular Colorado small mountain towns! It's your story to write...write it somewhere absolutely remarkable!