Under contract-accepting backup offers. Discover the character and versatility of 5708 SE Palm Road in Belleview, Florida! Situated on a spacious .35-acre corner lot directly across from Cherokee Park and just steps from Downtown Belleview, this charming two-bedroom, one-bathroom property offers a unique opportunity for residential or business use with its desirable B2 zoning. Inside, you'll find beautiful original hardwood flooring, a remodeled bathroom, a convenient mudroom, and plenty of timeless charm. Relax or entertain on the oversized screened-in porch, while the oversized one-car garage provides abundant overhead storage for tools, equipment, or recreational gear. Major updates include a 2022 roof, 2017 HVAC system, and 2023 water heater. Enjoy convenient access to local restaurants, shopping, community events, parks, Lake Lillian, and everyday amenities, with an easy drive to Ocala and The Villages. Whether you're searching for a primary residence, professional office, small business location, or versatile Belleview investment property, this corner-lot property offers exceptional potential in the heart of town. Buyers should verify permitted uses with the appropriate zoning authority.