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Listed by Frank De Bernardo • eXp Realty of Northern California, Inc., DRE#01211552
$ 12,500,000
Est. payment | /mo
5,277 Sqft Lot
$ 12,500,000
Est. payment | /mo
5,277 Sqft Lot
Key Details
Property Type Vacant Land, Commercial
Sub Type Other Commercial Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82048326
Lot Size 5,277 Sqft
Property Sub-Type Other Commercial Land
Property Description
This world class offering presents a rare & prestigious opportunity to acquire a fully entitled mixed-use development totaling 17,616 sq. ft. in the heart of downtown Palo Alto...one of the most sought-after addresses in Silicon Valley. Approved through the City's rigorous Architectural Review Board process & supported by comprehensive technical studies, the project is positioned for immediate execution.The approved design features an elegant 4-story building integrating ~2,345 sq. ft. of premium office space +terraces w/ residences above, complemented by secure below-grade parking. Just steps from University Avenue & Caltrain, this development combines timeless architectural appeal with enduring location value, offering investors a balanced income profile and an exceptional long-term hold in one of the nation's most supply-constrained and resilient markets. 640 Waverley Street is a fully entitled, pre-construction mixed-use project. Designed by Birge Clark Award-winning architect Ken Hayes, the property features: Four luxury residential units totaling 10,602 sq. ft. with soaring 12-foot ceilings. Class A commercial office space of 2,369 sq. ft. A state-of-the-art 4,645 sq. ft. residential basement with 18-foot clearance and a concealed parking lift accommodating seven vehicles.
Location
State CA
County Santa Clara
Area Downtown Palo Alto
Zoning CDC
Exterior
Fence Partial Fencing
Utilities Available Public Utilities
Building
Lot Description Grade - Level, Regular
Sewer Sewer - Public
Water Public
Others
Tax ID 120-16-023
Horse Property No
Special Listing Condition Not Applicable
Virtual Tour https://player.vimeo.com/video/1192643528
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