According to the Carlsbad Village & Barrio Master Plan, property is located in The Village Center District (red zone), composed of unique mixed-use developmental opportunities, and is the heart of downtown Carlsbad.High-density mixed use zoning, with an increase from 35% to 50% additional height, as amended in the recent State Density Bonus Law; bonuses on top may also be available due to state legislation. Zoning allows for an emphasis on pedestrian-oriented retail uses on the ground floor, and office, other non-residential, and residential uses on the upper floors. Carlsbad holds the 2nd highest hotel room occupancy in Southern California! Property is just a few minutes walk to the beach! Endless lucrative possibilities associated with this dream property!