343 E Alvarado St, Fallbrook, CA 92028

Property Description

Exceptional Mixed-Use Commercial Property in Fallbrook’s Revitalizing Downtown. An outstanding opportunity awaits with this 4,362 square foot Mediterranean-style building, located in the heart of Fallbrook’s revitalizing downtown core. Set on a 0.45-acre lot with FBV3 zoning, this property offers flexibility for various commercial or professional uses. Built in 1992 and meticulously maintained, it features two second-floor office suites, ideal for a range of business operations. The ground floor is home to two retail spaces, providing excellent street visibility. One space is currently leased to a dental tenant, delivering immediate income potential, while the other features a rare drive-through window—perfect for a coffee shop, quick-service restaurant, or boutique retailer. This retail space is currently vacant, presenting an excellent opportunity for an owner-user or a new tenant. Key highlights of the property include: 15 dedicated parking spaces, prime location just steps from Main Avenue with strong visibility and easy access, surrounded by a growing mix of retail, dining, and residential developments Positioned within one of North County San Diego’s most promising growth areas, this property offers immense potential. Whether you're an investor seeking a value-add opportunity or an owner-user looking for a strategically located space, this property provides a rare combination of location, design, and upside potential. You’ll love working and living in Fallbrook, where small-town charm meets Southern California convenience. Just steps to downtown Fallbrook and a 15 minute drive Highway 76, or a short 10 minute commute to I-15, you’ll find yourself surrounded by scenic rolling hills, citrus and avocado groves, and a warm sense of community. Enjoy nearby wineries, golf courses, hiking and equestrian trails, and vibrant local events such as the annual Fallbrook Avocado Festival, Veterans Day and Christmas Parades, weekly farmers market, and countless community gatherings hosted by the Chamber of Commerce.