Large Multi-Family Land Development opportunity. VR Zoning for 24 units to the acre. Potentially 200 units to be built. The property has two legal lots, which allows the property to be developed in phases. Fallbrook has extremely low vacancy. Adjacent property is a County pocket park with a playground. Less than a 4-minute walk to Fallbrooks largest shopping center. This is the largest remaining parcel of any zoned property within the Town Core. Two buildings on the property, please do not bother tenants. All utilities on site including a 1.5-inch water meter. Phase 1 and Phase 2 study completed. Located within a 5-minute walk to the back gate to Camp Pendleton. Could be a condo project. Convenient access to Riverside County, Camp Pendleton, and the I-15 freeway. Ideal for investors.