In the heart of downtown Belfast, 159 High Street stands as a distinguished centerpiece of historic Phoenix Row. With its stately brick facade, ornate trim, and remarkable versatility, this landmark property offers a rare combination of commercial income, residential opportunity, and coastal living. At street level, a leased commercial storefront welcomes visitors with historic wood floors, tin ceilings, expansive windows, and abundant natural light. Above, a charming nautical inspired apartment offers flexibility for traditional tenancy or explore the income potential of short term rental use. The crown jewel is the magnificent Ballroom residence, occupying the upper levels. The beautiful renovations begin in 2017 by the former owner and continued on in 2023 and 2024 for the most recent updates, this expansive space blends exposed brick, stately chimneys, elegant moldings, tile floors, and modern comforts. Its chef's kitchen and dining area overlook Belfast Harbor, the waterfront, and bridges beyond, offering an ever changing panorama of sailboats, tug boats, seasons, and coastal life. The grand Ballroom is a showpiece, featuring an ornate ceiling, chandeliers, a built in bar for hosting, and generous room for entertaining, including a pool table area. Beyond, the flexible floor plan provides inviting possibilities for bedrooms, offices, art studios, or a writer's retreat, complemented by well appointed bathrooms on each floor. Whether envisioned as a distinctive owner occupied residence with supplementary income or a versatile mixed use investment, 159 High Street offers opportunities as exceptional as its setting. A full basement, updated heat pumps throughout, heat pump hot water heater, rear parking, and deeded easements for fire escape access add practical value. Step outside to enjoy Belfast's restaurants, galleries, boutiques, and vibrant working waterfront. A remarkable opportunity to own a piece of downtown Belfast. Shown by Appointment Only.