Exceptional Rangeley Lake waterfront mixed-use in the heart of Rangeley! This rare property offers the perfect combination of commercial potential and spacious residential living. A major highlight is the beautiful fully renovated 3-bedroom, 2-bath living space with over 3,400 sq. ft. of comfortable, updated living area. Ideal for owner occupancy or rental income, the residence features generous living areas, an open-concept kitchen with caesar stone countertops, soft white cabinets, and chefs 36'' range. This area flows nicely into the large living room area with unobstructed water views. Three spacious bedrooms offer substantial storage, including one full walk-in closet and two step-in closets. All bathrooms have been beautifully updated with modern finishes. New flooring, fresh paint, and tasteful upgrades create a polished, luxury living space. A gym/media room adds flexible use, and the building is easily heated and cooled with a brand-new HVAC system. This property features an expansive 3,400± sq. ft. retail area, ideally positioned to serve the Rangeley Lakes Region's thriving outdoor and recreation community. This versatile commercial space is well-suited for outfitting, sporting goods, marine services, guide services, or any business idea, and may also offer potential to be converted into additional living space for rental income purposes. Featuring an updated aluminum 6 slip dock system with permitted space for 3 additional slips, offering direct water access and added convenience for customers, guests, or residents. A rare advantage, the property is one of the only game inspection stations in Western Maine attracting sportsmen and outdoor enthusiasts throughout the region. A 14kW on-demand generator adds peace of mind and year-round functionality. An attached garage provides flexible space for vehicle or boat storage, workshop use, or equipment storage, while the large, level parking lot easily accommodates customers and guests.