For Sale
$25,000,000

560 Waverley StPalo Alto, CA 94301

Downtown Palo Alto: Restaurant & Office

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional two-unit commercial property, located at 560 Waverley Street in downtown Palo Alto, California, presents a unique investment opportunity. The 12,000-square-foot building, constructed in 1938 and situated on a 2-story structure, features a diverse tenant mix, currently occupied by a restaurant and a traditional office. Each unit encompasses approximately 6,000 square feet (50 x 123), offering ample space for various business needs. The ground floor unit is configured as a restaurant, while the upper level houses a traditional office space with an open layout, several private offices, a kitchenette, and a private entrance directly accessible from the adjacent parking lot. The property is zoned CDC (GF) (P) and boasts key features including HVAC, sprinklers, and a prime location within walking distance of Caltrain, numerous restaurants, and other amenities. The building benefits from its proximity to a City of Palo Alto public parking lot, ensuring convenient access for tenants and patrons. The asking price for this multi-tenant property is $25,000,000, and the lease type is NNN. The APN is 120-15-085. This property offers a compelling blend of established tenancy and significant potential for future growth in a highly desirable location. The property is located in Santa Clara County, with a zip code of 94301.

Highlights

  • Exceptional two-unit commercial property in downtown Palo Alto, CA.
  • 12,000-square-foot building on a 0.25-acre lot (approx. dimensions 50 x 123 ft), built in 1938.
  • Two 6,000-square-foot units: ground floor restaurant and upper-level office space.
  • Prime location near Caltrain, restaurants, and amenities; adjacent to city parking.
  • $25,000,000 asking price; NNN lease; APN 120-15-085; CDC (GF) (P) zoning.

Property Details for 560 Waverley St

Property type
Retail properties, Restaurants
Square Feet
12,000 SF
Year Built
1938
Stories
2
Units
2

Location Insight

City
Palo Alto
County
Santa Clara
State
California
Latitude
37.4464948
Longitude
-122.1596465
560 Waverley St, Palo Alto, California

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560 Waverley St
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