Rare opportunity in Colchester's Town Center District! This versatile Colonial offers the flexibility of both residential living and commercial use, all within walking distance of the Town Green and town center amenities. The second-floor features three bedrooms and a full bath. On the main level, you'll find four spacious rooms with hardwood floors, plus a bright sunroom, kitchen, and half bath. This is a flexible floor plan that can accommodate a variety of residential, business, or mixed-use needs. Additional highlights include an attached two-car garage, full basement and newer roof. Potential uses may include retail, childcare/daycare, salon or personal service businesses, religious uses, professional offices, mixed-use opportunities, and residential occupancy. Located within the Historic Preservation Overlay area, which helps preserve the character of the village center. Certain exterior additions and modifications may require review and approval. Buyer to perform all due diligence and verify permitted uses, zoning regulations, and approval requirements with the Town of Colchester.