Prime Town of Friday Harbor development canvas with superior parking, view advantages, and a clear path for a 70% residential / 30% commercial multi-use build. Includes a guaranteed single-tenant leaseback option for immediate income during pre-development. This .138-acre lot encompasses 5,998 square feet (50 x 120) and has the potential for significant height expansion. This property provides ample parking and a spacious side yard. A beloved community fixture since 1958, the site is now ready for redevelopment. The 6,000 sq. ft. commercial property is located in the heart of the historic district's transition zone, offering over 12,000 sqft of development potential. A generous footprint for a visionary developer, with the opportunity to invigorate the downtown core with a multi-use building that harmonizes with the San Juan Islands' natural beauty and Friday Harbor's vibrant character. The property features a poured concrete foundation and a concrete roof, with all utilities conveniently in place to facilitate a smooth pre-construction process. There are eight onsite parking spaces and a conditionally approved exterior plan from the Historic Preservation Board. The ground-floor restaurant, Vic's, offers immediate income potential through its existing commercial tenancy.