In a truly unique location, in the most authentic and prestigious heart of Arona, we are pleased to present a charming early 20th-century mixed-use building, directly overlooking the picturesque Piazza del Popolo and the shores of Lake Maggiore. This historic residence embodies all the charm of old Arona, offering open views over the lake, the Rocca di Angera, and the elegant boutique-lined town centre, in one of the most iconic settings of the town. The property extends over several levels and comprises a residential section divided into five independent units, as well as a large basement area. On the ground floor, there are three commercial units, two of which are already leased, providing an immediate and attractive rental income. All residential units are individually heated, equipped with condensing boilers and double-glazed windows. The interiors retain valuable original architectural features, including period parquet flooring and traditional terracotta tiles, complemented by more recent porcelain stoneware finishes, achieving a refined balance between authenticity and modern comfort. Of particular note are the original coffered ceilings, which add character, elegance, and significant historical value to the main living spaces. The property is completed by a garage accommodating up to four cars and a spacious service cellar. Thanks to its historic origins, varied spatial layout, and exceptional flexibility, the building represents a rare opportunity both as a private residence and as an investment asset. The different units can be reimagined for multiple uses. While the residential portion requires renovation, the property offers outstanding potential for a high-end development project: from conversion into a luxury boutique aparthotel, to a premium multi-unit holiday rental scheme, or as an exclusive private residence for a large family.