Welcome to a rare investment opportunity in downtown Graham's historic district! This iconic property, steeped in local history, offers a unique blend of charm, functionality, and potential. The bottom level has been meticulously redone with all new electrical, plumbing and HVAC system, as well as original historic pieces including doors and ceiling tiles, adding character and allure. It hosts a thriving restaurant and tap house tenant. Upstairs, a previously operational hotel awaits transformation. Imagine the possibilities of converting this space into boutique accommodations, capitalizing on the burgeoning tourism industry. Enjoy the scenic downtown views from the balcony, providing an added touch of elegance and ambiance. With a new elevator shaft already in place, accessibility is seamless, enhancing the property's appeal to both visitors and locals. Don't miss this chance to invest in a piece of Graham's rich heritage while seizing the opportunity for modern commercial success.