343 E Alvarado Street, Fallbrook, CA 92028

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.