Rare opportunity in the heart of Lava Hot Springs! This versatile property sits on a three-lot parcel directly on Main Street and offers multiple potential income streams, commercial possibilities, and future development potential. (Professional Photos coming June 15th) The upper-level residence features 1,343 square feet with 3 bedrooms, 2 bathrooms, a spacious living room, kitchen, dining area, and beautiful acacia engineered hardwood flooring throughout. The lower level apartment has its own private entrance and includes a fully self-contained 969-square-foot apartment with 1 bedroom, 1 bathroom, living room, kitchen, and laundry room. Live in one unit and rent the other long-term or short-term, or maximize income by renting both. Zoned Commercial, this property opens the door to a variety of business opportunities including a coffee shop, café, retail store, professional office, and more. Even better, with no setback requirements in this zoning district, one of the three lots remains available for future development, expansion of the existing structure, or construction of an additional building (buyer to verify all uses with the City). Whether you're looking for an investment property, owner-occupied income opportunity, commercial location, or future development project, this property offers exceptional flexibility in one of Idaho's most popular tourist destinations.