322 Silver Street in historic Lake City is a true gem, evoking an exceptional blend of character and thoughtful updates right in the heart of downtown. Built on the historic site of the Occidental Hotel, this unique property offers a 2-bedroom, 3-bath home with shop/retail space encompassing nearly 3,000 square feet of versatile living and commercial space. Recent improvements include quality interior and exterior paint, new lighting, light wood-look LVT flooring throughout, a fresh Hardie board facade, and a balcony featuring Historic Society-approved architectural details. The retail space is finished with crisp white board-and-batten siding and includes a newly rebuilt boardwalk, creating excellent downtown visibility and curb appeal. Inside, the bright and comfortable living spaces feature three outdoor balconies, gas and wood stoves, and baseboard heat. The kitchen opens to a welcoming den and dining area and has been beautifully updated with light shaker cabinetry, an island, elegant white quartz countertops, a fireclay sink, new fixtures, and Bosch refrigerator, gas range, and dishwasher. All three bathrooms have been updated with new cabinetry, fixtures, flooring, lighting, tile, and toilets. The spacious upstairs bedroom features an adjoining bonus space offering flexibility for an office, art studio, or additional sleeping space with closet storage. Downstairs, an extraordinary curved staircase and exposed beams crafted of salvaged wood from the historic High Bridge train trestle create a dramatic focal point. The staircase leads to a second light-filled loft bedroom and bath, adding even more character to this one-of-a-kind property. The 10,000-square-foot lot offers a rare 24' x 16' garage, storage shed, fenced yard, beautiful landscaping, tall pines, and generous outdoor decks. Located on Lake City's most prominent downtown streets, the property offers excellent exposure within easy walking distance of local restaurants and shops. The property is also available as a package with 324 Silver Street, including the home and corner lot, offering an exceptional opportunity to expand your Lake City investment.