One or more photo(s) has been virtually staged. Prime Residential and Commercial Investment Opportunity in Colonialtown/Downtown Orlando! This well-located property at the corner of Hampton and Hillcrest offers a fantastic opportunity for both residential and commercial use. The detached 546 sq ft unit has been fully renovated and is configured as a 2-bedroom, 1-bathroom residential unit, creating excellent potential for rental income or a guest suite. Below this unit, there are two storage spaces planned to be converted into apartments, currently in the permitting process, with plans available. The main building offers 1,016 sq ft of heated and cooled office space, featuring 2 private offices and a main open area. This commercial space is ideal for professional offices, consulting businesses, or small companies seeking a central Downtown Orlando location. The property sits on a large corner lot with 6 parking spaces and an improved parking area. The exterior features mature oak trees, lush landscaping, St. Augustine grass, and a full sprinkler system. The main office building has a roof installed in 2012, while the residential unit has a roof installed in 2020, and HVAC systems were updated in 2022 and 2023. Located just one block from Colonial Drive, this property offers convenient access to downtown Orlando, the courthouse, shops, restaurants, and public transportation. With new developments planned across the street, this property presents a strong opportunity for both residential and commercial use in a prime location.