Rare opportunity to own a commercial unit, packaged with an above residential unit in the very desired heart of Avalon's Business District. As one of the largest street-level retail units available in town, this unit features 1480 square feet of space along with an additional outside common area with the exclusive use to this unit. The 1,508sqft unit above has 3 bedrooms, 2 bathrooms, vaulted ceilings, and two additional rooms to be used for storage. A window can be built into one of these rooms to convert it into a fourth bedroom. This popular location has a great deal of foot traffic during the busy season. The primary business has been operating as a Bicycle shop for over 20 years. A small portion of the store (480 square feet) has been sub leased out to a tenant who sells Acai bowls, smoothies, and coffee products. The sub lease is valid through 2025 and the current bicycle shop lease expires Oct 2022. The tenant is open to extend through 2025 if buyer would like to.