Rare opportunity in the heart of Crestone! Thoughtfully maintained property, prime commercial location- offers exceptional flexibility for residential, business, live/work! Surrounded by mature trees, mountain views & spacious lots that offer privacy w/ meaningful redevelopment potential. Currently a single-family residence, has a history of mixed use, incl. professional office rentals. Zoning allows a multitude of uses: professional offices, medical/dental clinics, retail, services, restaurants, lodging, hotels, membership clubs, mixed-use, beauty shops, indoor eating & drinking establishments & more! Abundant off-street parking and generous lot size further enhance versatility. Main floor features open concept w/soaring ceilings, U kitchen w/peninsula bar and stainless appliances, plenty of cabinets & countertops w/ adjacent dining area, private Bdrm and Bath. Expansive windows flood the living space with light & open to a sunny upper deck. A Hearthstone wood stove, rich wood paneling, hydronic heat create a warm, contemporary mountain lodge feel year-round. Lower level offers outstanding flexibility w/separate entrance from the south-facing terrace & adorable fenced side yard w/apple trees. Inside, an entry room is well suited for a waiting area/study, & adjoining rooms can be bedrooms or professional offices. This level also includes a ¾ bath, a spacious utility room w/laundry and kitchenette. Additional sheds & a parking structure add more storage. A Dark Sky community, Crestone is known for abundant sunshine, remarkable night skies, two local schools, and a vibrant, close-knit community. Steps from cafés, restaurants, stores, art galleries, parks, &community events. Floor plan supports multigenerational living or a broad range of commercial and residential uses. Whether you’re seeking a private residence, income potential or your dream downtown live/work opportunity, this property captures the essence of quaint and bustling Crestone downtown life!