Owner, Investor, Business Owner Opportunity! Gorgeous Mixed Used Residential 1930's home in the heart of Fallbrook, right off Main Ave with a large flat, spacious lot and 2 driveway access points on either side of the home to access the back lot. This unique property is designated FB-V5 - Fallbrook Village Zoning! Can be primary residence, or commercial use! Can Currently zoned residential for easy financing! FB-V5 Allows for Business Support Services, Financial, Insurance, Real Estate and Medical Services. Also allows for an Eating and Dining Establishment with a Major Use Permit Requirement. Lot size does allow for additional ADU. Home is on city services, with public sewer, natural gas and public water. Welcoming front landscaped garden at entry of property. Very workable floor plan with large living room and fireplace, both bedroom and bathroom on North side of home and kitchen and dining area on South side. Original wood floors, windows, and built-ins! kitchen is spacious with lots of cabinets and counter space. Also has an inside laundry and refrigerator comes with the home. Backyard has a shed on a cement slab that was originally the slab for the garage. The shed has 2 rooms, which can be used for additional storage, workshop, office space or tear down and build a garage! Fully fenced back yard with 2 side gates! This charming home sits right in the heart of Historic Downtown Fallbrook, walking distances to Grocery Stores, Fallbrook Mission Theater, coffee shops and restaurants, 3 minute drive to the beautiful Nature Preserve of Santa Margarita, 10 minutes to 15 freeway and Hwy 76 and about 30 minutes to the beaches and 5 Freeway.