Nestled in the heart of the Old Town district, just two blocks from the Historic Seaport, this endearing building has a stylish 1BR/1BA apartment on the upper level and a charming commercial space at street level. With tile floors, sky lights, stainless-steel appliances & washer/dryer, as a pied-a-terre or full time residence this space is perfect! Outside enjoy a spacious second-floor deck overlooking a tree-lined rear patio, offering a perfect retreat for relaxation. Fully fenced, the rare parcel offers a deep lot and generous backyard to be used in conjunction with a commercial or residential use. The storefront commercial unit has rare, covered street frontage & includes a half bath. HNC-2 Historical Neighborhood Commercial District Zoning allows for many uses, including single-family, business & professional offices, commercial retail low intensity, restaurants with limited seating etc. The property is beer/wine license eligible and for many years was the neighborhood landmark ''Bina's' grocery store. The property has undergone many upgrades in recent years. Live/Work properties are rare in Old-Town and this one has a wonderful mix of attributes. It would certainly be the ultimate Key West solution for a creative professional offering a studio, gallery & home all under one roof in the X flood zone.