343 E Alvarado St , Fallbrook, CA 92028
$1,049,000
Est. Payment: $5,297.14/mo
0 Bed
0 Bath
4362 Sqft
Status: pending | Days on site: 261
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House 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.

Highlights

Listed by Tim Kirk , 760-704-9252 and Mark Marquez , 619-933-0050 LPT Realty , 877-366-2213. CRMLS/Multi-Regional MLS mls logo

Property Type

Commercial Sale

Year Built

1992

County

San Diego

Area

92028 - Fallbrook

Listing ID

NDP2507865

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Lot:2-5 Units/Acre,No Land Lease
Garage Capacity:0
Zoning:Retail | FBV3
Others:2+ Total Units
Principal Interest
$5,297
Taxes
$669

Home Price

$1,049,000

Loan Details

30 yrs
6.487%

Down Payment

20%
$209,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$5,297.14

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,297.14 $668.74 $0.00 $5,965.88
Yearly $63,565.71 $8,024.85 $0.00 $71,590.56
Total $1,906,971.19 $240,745.50 $0.00 $2,147,716.69

Today's Rates

30 Year

6.49%

20 Year

6.28%

15 Year

5.8%

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Market insight data is pulled from the same city as the listing being viewed (Fallbrook, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-08-10T22:37:46.000Z

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