2170 Bayshore RdPalo Alto, CA 94303

Property Details for 2170 Bayshore Rd

Year built

1956

Lot size

2.73 AC

Property size (Sq ft)

38,315 SF

Zone code

PC

Property type

Retail properties

Property subtype

Strip malls

APN

003-18-025

APU

318025

Description

This exceptional retail opportunity presents itself at the Edgewood Shopping Center, located at 2170 W Bayshore Rd in Palo Alto, California, 94303. Situated in Santa Clara County, this shopping center offers a total of 21,626 square feet of retail space. Currently, there are two spaces available, providing flexible options for prospective tenants. The minimum leasable space is 3,697 square feet, while the maximum contiguous space available is a substantial 17,949 square feet. This presents a unique opportunity for businesses seeking a large footprint or those looking for a smaller, more manageable space. The entire center currently has 21,646 square feet of vacant space, making it an ideal location for a variety of retail concepts. The property's prime location in Palo Alto offers excellent visibility and accessibility, ensuring high foot traffic and potential for significant business growth. This is a multi-tenant property, providing a vibrant and diverse shopping environment. The property is categorized as a shopping center and is ideal for grocery stores, as indicated in the marketing description. This is a rare opportunity to secure a prominent retail presence in the thriving Palo Alto market.

• CAP approach

  CAP return

  Valuation

  6%

  $34,986,024

  6.5%

  $32,294,792

  7%

  $29,988,022

• Comparable approach

  Method

  Valuation

  Relative Method

  $46,761,780

  Geo Method

  $26,929,820

• Alternative Use

  Use

  Valuation

  Residential

  $27,241,866

  Hospitality

  $24,953,402

  Educational

  $20,760,938

  Medical

  $21,474,938

  Retail

  $32,294,792

Location Insight

City

East Palo Alto

County

Santa Clara

State

California

Latitude

37.4481

Longitude

-122.126

CBSA code

41940

CBSA name

SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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