408 N Pico Avenue

Fallbrook, CA 92028

About this property

Amazing Investment opportunity in Fallbrook! This corner property is 3 lots sold together and is zoned both Commercial and Residential. The total square footage of all 3 lots combined is 10,653 square feet. This unique property offers the new owner the ability to reposition its use to suit their needs. It has an office to effectively run a business through along with plenty of square footage to house vehicles or trucks and a duplex that is currently generating income. The office building is 640 square feet, has a hard wired sprinkler system and is alarmed with cameras. The duplex boasts 400 square feet for each unit and both units have current tenants that are month to month with a great paying history. The large property with great street access can accomodate any changes the new buyer can envision or can be used in its current condition. This asset is perfect for a cash to new loan buyer, a 1031 buyer or a cash buyer. Please note that this property is zoned FB-V2. If a buyer wishes to build on the property these changes can be made: 1) The Floor Area ratio of the building being built may not exceed 1.5 times the net square footage of the lot. 2) Buildings shall have a maximum height of 35 feet. 3) Main Building setbacks on front, side interior, side exterior and rear are 0 feet from lot line.

Features and Additional Information

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$1,400,000 Active
1,440 SQFT

Presented By Centermac Realty

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Get in touch today! Phone: 1-909-860-9002
Listed By Anna Howie
Brokerage: HOMEQUEST REAL ESTATE 909-606-0888

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