Yup. It's Mason's electrical store at the bottom of Crown Road, opposite The Plough. The exact location would have been what is now at the side door of the Eastgate Centre car park just at the pedestrian crossing over to Eastgate. The Mason family originally lived in Dalneigh on the corner of Rowan Road opposite the school but the business must have been fairly profitable since they later moved into a large house half way up Culduthel Road.
There were something like 5 kids, one of whom was in my class in Dalneigh and the oldest one, Brian, had twin boys (Keith and Colin) who used to play or perhaps still do play for Inverness City.
The business closed, I think many years ago, but not before my dad bought our first ever (cutting edge technology!) stereo from them in about 1967. I remember the thing kept going wrong and we had to get a refund!
The steps in the photo are where that stupid waste-of-public-money art work is and were a direct link between Stephen's Brae and Crown Road.