560 Waverley StPalo Alto, CA 94301

Property Details for 560 Waverley St

Year built

1938

Construction

TILT-UP CONCRETE

Lot size

0.14 AC

Property size (Sq ft)

11,243 SF

Zone code

CDCGP

Property type

Office buildings

APN

120-15-085

APU

12015085

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $5,702,721

  6.5%

  $5,264,050

  7%

  $4,888,046

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,748,343

  Geo Method

  $3,135,785

• Alternative Use

  Use

  Valuation

  Residential

  $6,527,422

  Hospitality

  $5,979,084

  Educational

  $4,974,527

  Medical

  $5,145,609

  Retail

  $7,738,154

Location Insight

City

Palo Alto

County

Santa Clara

State

California

Latitude

37.4464

Longitude

-122.16

CBSA code

41940

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].