Opportunity knocks at this beautiful two-story house with colonial features centrally located in Pacific Grove's lovely downtown district and a quick walk to Lover's Point. Registered as a historic resource, this gem has a lower level with its own kitchen and bathroom which can easily be rented out while you live in the main floor and enjoy, remodel to your taste while defraying the cost, or used by you to take advantage of the whole living space. You can walk to the cafe in the morning without losing sight of your front yard, and when the fireworks launch from the ocean you can see them from your back porch. The expansive driveway offers space for seven to park or an opportunity for creative use, and separate entrances for the downstairs provide comfort and privacy for your guests or renters. This home is dual zoned for commercial as well, so if you have always wanted to explore your own business possibilities, the placement and convenience of a home like this cannot be missed!