Take advantage of this rare opportunity to own a piece of Gray's history in the heart of the Village Center. This extensively updated classic American Four-Square offers exceptional versatility and timeless charm on a beautifully situated 0.91-acre lot. Currently operating as a turnkey, five-star rated Bed & Breakfast since 2023, the property presents an incredible opportunity for continued hospitality use or can transition back to a spacious single-family residence. The home features 5 bedrooms and 4.5 bathrooms, providing ample space for guests or family living. For buyers interested in continuing the B&B operation, furnishings and inventory may be purchased separately, and the current owners are willing to share their business knowledge to ensure a smooth transition. Significant recent improvements include a new roof , new heating system, heat pumps added in each bedroom and the main living areas, updates to the kitchen, and a newly paved driveway, among many others. A complete list of updates is available upon request. Rich in local history, the home was once known as ''The Parsonage'' and previously served as a prominent doctor's office, adding to its unique character and story. Ideally located with easy access to the Maine Turnpike and convenient to Yarmouth, New Gloucester, Windham, and Auburn, the property is perfectly positioned near lakes, mountains, farmland, and forests--offering the best of Maine living. Current zoning allows for a variety of uses. Whether you envision a thriving business venture, a live/work opportunity, or a distinctive single-family home, this special property is ready for its next chapter.