The property, located on White Lion Street, is up for sale with estate agents Birt & Co.
Notable features of the property include its prime location just 50 yards from the seafront, and its potential as an investment opportunity.
The estate agent said it is an ideal spot for attracting both locals and tourists given its proximity to the town centre.
The property is divided into a ground-floor retail unit and a two-bedroom apartment spread across the first and second floors.
The agent says this space could either be used for storage or as accommodation.
The retail unit is said to have been refurbished in the last two years and boasts a large display window to the front.
There are also a number of fluorescent lights installed and a small cloakroom with a WC and wash hand basin.
The apartment on the upper floors is accessed via a stairway within the retail unit, however the estate agent indicates there was previously a separate entrance to the shop and apartment.
It features a lounge with two windows to the front overlooking White Lion Street and the town walls, a kitchen space with floor and wall units, and a shower room equipped with a mains shower, WC, and wash hand basin with a vanity unit.
Both bedrooms of the apartment have a timber Velux window to the front.
The estate agent also notes that a gas central heating system, which provides heating for both the retail unit and apartment, was installed in the past two years.
While the property is connected to mains gas, water, electricity and drainage, it is on business rates as one unit, with a reported bill of approximately £300 per year.
Birt & Co said: “Whether you are looking to invest in a retail and possibility to create a residential rental venture, or seeking a home above your business, this property is a rare find in a sought-after area.”