Prime commercial property located in the picturesque mountain town of Palmer Lake! Nestled between Sundance and Ben Lomand Mountains, this pristinely-preserved estate is one of the original turn-of-the-century homesteads in Palmer Lake! Zoned "convenience-commercial' which offers numerous permitted and conditional uses including: residential/commercial mixed, multi-family, retail boutique, liquor store, restaurant, office, B&B & so much more! Excellent exposure for any business with 175 feet of state highway frontage w/heavy foot traffic! The property consists of 3 potential rental units: 1) a thoughtfully updated cottage with 2 beds & 2 baths; 2) a carriage garage perfect for projects or workshop; and 3) an adorable bunkhouse/studio with a 3/4 bath and kitchenette. Live in one unit & rent the others...build your business here or add more units! Gorgeous 1/2 acre parcel with beautiful gardens, patios, a water feature, horseshoe pits, firepit and a covered swing! Parcel can be divided without a formal subdivision action. Breath-taking views of the Lake, mountains and the Palmer Lake Star...what an incredible place to entertain guests and patrons! Ample parking on-site with overflow parking across the street at the Palmer Lake Recreation Area! Yes, this property is located directly across the street from the Lake, the outdoor venue which hosts year-round, all-inclusive events like the Palmer Lake Wine Festival, Broom Ball & Hockey Tournaments and the 4th of July Fireworks which draw 1000's of visitors each! Visitors, and locals alike, enjoy unlimited outdoor recreation at the rec area like fishing, paddleboarding, kayaking, biking, disc golf, hiking, and ice skating! Construction on the new pickle ball courts begins soon! This active community is 'jonesing' for something amazing to go in this spot. You won't land in a better locale when it comes to kind & supportive people who thrive on the outdoors, music, art, good times and loving each other!