Fully occupied and offering strong investment potential, this beautifully updated village property presents a versatile mixed-use opportunity with two turnkey rental units and ground-level commercial space. Situated on a generous half-acre lot, the property blends modern improvements with original character. The fully renovated commercial space is currently home to El Gato Cantina, while the upper level features a completely renovated one-bedroom apartment with a full kitchen, 3/4 bath and high efficiency washer & dryer. A second rental unit on the main level offers a studio apartment with a private 3/4 bath. Recently inspected and brought into full fire code compliance, the property has undergone substantial upgrades, including a modern on-demand LP boiler, 22 high-efficiency Low-E vinyl windows, updated electrical with the panel relocated to the main level, blown-in cellulose and spray foam insulation, and an enlarged parking area. Outside, a detached garage, formerly a horse barn, offers additional storage, complemented by a spacious yard with mature perennials and a versatile shed. Enjoy a walkable village location close to shops, the library, art galleries and the Cambridge Community Center, with Smugglers' Notch Resort, the Lamoille River and Rail Trail just minutes away. A compelling opportunity to own an established income-producing property with residential and commercial rental potential in the heart of Cambridge!