Back on Market. Contractor or Development Opportunity! If you are familiar with Olde Carlsbad then you will recognize this property as the location of one of the original daycare centers owned for many years by a long time Carlsbad family. Located on a spacious lot of .27 acres in the heart of Carlsbad Village. This property with its R3 zoning offers so much potential for those looking to either develop a custom Southern California residence or multi-family units. The flat topography, along with the location of being minutes to the beach, restaurants, brewery's, shopping, parks, easy access to the freeway and in the highly rated Carlsbad Unified school district make this ideal for any investor or developer. The 864 sq ft home has great bones with so much potential and can easily be converted back from its use as a daycare center. The value of this property is in the land, location and the R3 zoning. This zoning allows for 8 - 15 dwelling units per acre but but it is recommended to check with the City of Carlsbad Planning Department for specific details on the zoning and usage.