Investors and builders take notice! This opportunity awaits in the heart of downtown-a historic, spacious colonial residence spanning over 2000 SF. Zoned for commercial use, this property offers the potential for a mixed-use development, allowing for up to two residential units above a business. Alternatively, it can be renovated as a pre-existing single-family home with character and charm. Originally known as the Charles H. Sargent House, this distinguished property dates back to 1841 and once served as the Pittsfield-Dover stage line. While some preliminary work has been completed, including a gut renovation down to the studs, there is ample room for customization, inviting you to add your personal touch. Certain updates have already been undertaken, such as the installation of a 200AMP panel, partial sheetrock, and subfloors. Expanding onto the third level could provide additional bedrooms, and there's potential to increase the total square footage by over 600 square feet. The residence boasts original character with wood beams and multiple avenues for transformation. Conveniently, public utilities are readily available on-site. What's more, this property may be eligible for the federal historic rehabilitation tax credit of 20%. Additionally, it could qualify for the local 79E tax credit. Buyer's beware, the property is in need of significant repair, and can be classified as a teardown.