Prime opportunity in the heart of Alice! This unique 5.819 acre property offers a rare blend of commercial and residential zoning, making it ideal for investors, business owners, or those looking to build a live/work setup. The property includes 1.158 acres zoned B-3 (Commercial), perfect for a wide range of business uses such as office space, retail, service-based businesses, or even a small trucking or logistics operation. The remaining 4.661 acres zoned R-1 (Single-Family Residential) provides ample space for residential development, employee housing, or building your own home right next to your business. Located in a small-town market, this property opens the door to grant funded development opportunities, including community focused projects, workforce housing, small business expansion, or mixed-use concepts. With increasing demand for local services and housing, the potential here is wide open. Whether you're an entrepreneur looking to establish roots, an investor seeking versatile land, or someone wanting the convenience of living where you work, this property checks all the boxes! Survey on file!