First time on the market! A desirable mixed-use investment opportunity in downtown Avila Beach! Located in the Landing Passage development and only four houses from the beach, sits two completely turnkey and licensed vacation rentals and two leased commercial spaces. The larger residence with 1,303 sf is elegantly designed with Cape Cod-style interiors and ocean views, offering 2 bedrooms, 2 bathrooms, 2 fireplaces, laundry closet, 3 balconies, rooftop access, and 2-car attached garage. Below this residential unit sits a commercial space with wood flooring, private office, dry bar, built-ins, and bathroom with shower. Venture across the landing pathway to find an additional commercial space with French doors, fireplace, and bathroom, and an exterior staircase leading to the second vacation rental property. Inside this vacation rental unit you will find travertine flooring, a living room with fireplace, full kitchen, bathroom with stackable washer and dryer, one bedroom with fireplace, and deck. This 1-bedroom residence has one dedicated parking space and storage closet in the gated and secured Landing Passage parking garage. Both vacation rentals are being sold fully furnished with future bookings in place, while the commercial spaces are also leased out until 12/21/2022. Enjoy this property as a secondary home with income from the other units, or live and work in Avila Beach... The opportunities are endless!