343 E Alvarado St, Fallbrook, CA 92028

Located in the heart of Fallbrook’s revitalizing downtown core, this 4,362 square foot Mediterranean-style mixed-use commercial property presents an outstanding opportunity. Constructed in 1992 and meticulously maintained, the building is set on a 0.45-acre lot with FBV3 zoning, offering flexibility for various commercial or professional uses. The property features two second-floor office suites suitable for a range of business operations. The ground floor contains two retail spaces with excellent street visibility. One retail space is currently leased to a dental tenant, providing immediate income potential. The other retail space is currently vacant and features a drive-through window, suitable for a coffee shop, quick-service restaurant, or boutique retailer. The property includes 15 dedicated parking spaces and is positioned steps from Main Avenue, with strong visibility and easy access. It is surrounded by a growing mix of retail, dining, and residential developments within one of North County San Diego’s most promising growth areas. The location is a 15-minute drive to Highway 76 and a 10-minute commute to I-15, surrounded by scenic rolling hills, citrus and avocado groves. Nearby are wineries, golf courses, hiking and equestrian trails, and local events such as the annual Fallbrook Avocado Festival.