Rarely does an opportunity arise in the heart of Lincoln City's historic Taft District that offers this level of versatility and investment upside. Zoned General Commercial (GC), this one-of-a-kind property serves as a premier live-work destination or the ultimate coastal compound, featuring a contemporary residential flat above a high-potential ground floor that can easily be utilized for additional living space or separate commercial space. The upper residence is a sleek, modern retreat with a master suite, thoughtfully renovated bathrooms, a dedicated office, and a flexible second bedroom. Due to its zoning this property can be utilized as a short term rental. The lower level offers 1892 sq ft of blank-slate commercial space ready for your vision. Property comes with a newer membrane roof and a standout 784 sq. ft. detached garage with heated floors—perfect for shop, game room, gear shack or possibly a future ADU conversion. Ocean views from the top corner of the lot and definite views from the rooftops. Access to the beach stairs is just around the corner. Boasting an abundance of parking and situated in Lincoln City's most accessible corridor—minutes from trendy food carts and restaurants, eclectic shops, and the scenic Siletz River mouth—this property is perfectly positioned for the savvy buyer with a location and footprint that offers loads of potential.