706 Cowper St Palo Alto, CA 94301

This exceptional 7,163 square foot Class B office building, known as the Downing House, is a meticulously preserved historic landmark listed on the National Register of Historic Places. Built in 1894, this Queen Anne-style building boasts a prominent location in downtown Palo Alto, within walking distance of numerous restaurants, shops, and amenities. The Caltrain station is conveniently located just six blocks away. The property sits on a 0.23-acre lot (approximately 10,050 square feet) and features a layout that includes private offices on the first and second floors, and a single-tenant suite on the smaller third floor. A substantial 2,149 square foot basement, accessible via a private exterior entrance, offers additional space including conference rooms and private offices with ample natural light. The property is zoned PC-3007 and is offered as a gross lease with multi-tenant occupancy. This presents a unique opportunity to acquire a prestigious historic building in a prime downtown Palo Alto location, ideal for either leasing to multiple tenants or owner-occupancy. The property's rich history and desirable location offer significant potential for future growth and return on investment. The APN is 120-16-045.