This is a unique Mixed Use Residential / Commercial property located in the heart of Alton village, walking distance to shops, restaurants, banks, the library and other local amenities this Lakes Region town has to offer. The current Residential unit is located on the second floor, featuring a spacious 1,700 sq. ft. one-bedroom Apartment with beautiful hardwood floors, barrel ceiling, a 3/4 bathroom and in-unit laundry. The first floor offers approximately 1,700 sq. ft. of adaptable commercial and / or residential space, currently configured with multi-offices, a conference room, kitchenette and half bath, with excellent street-front windows, making it ideal for professional offices, retail, or a variety of business uses as it has been in the past. Looking to maximize your investment? A major advantage of this property is the updated Septic System, that was designed and approved to accommodate a second One-Bedroom Residential Unit, thus providing excellent future potential. You are just one mile from beautiful Lake Winnipesaukee, making this an attractive location for residents, businesses and visitors alike. This versatile Residential / Commercial property is packed with opportunity with the option allowing the new owner looking for a live / work investment. And being offered $67,900 below the current Assessed Property Value!