558 Waverley StPalo Alto, CA 94301

Property Details for 558 Waverley St

Property size (Sq ft)

12,000 SF

Property type

Mixed-use properties

Property subtype

Other office properties

Description

This exceptional mixed-use property at 558-560 Waverley Street in Palo Alto, California, presents a unique investment opportunity. The 12,000 square foot, two-story building boasts newly renovated interiors, featuring high barrel ceilings with exposed ductwork, skylights, and abundant natural light. The building is currently 49% occupied, with a ground floor restaurant tenant. The second floor, comprising 6,150 square feet of traditional office space, is available for lease or owner-occupancy. This space offers a private entrance, an open creative floor plan, and a very large kitchen equipped with a very long type 1 hood. The building's prime location in the heart of downtown Palo Alto offers unparalleled convenience and visibility. Its proximity to Stanford University, the Stanford Shopping Center, and numerous high-end restaurants, bars, and retail stores ensures high foot traffic and strong rental potential. Note that parking is limited to city parking (2-hour limit). This owner/user investment opportunity is priced at $25,000,000. The property is situated in Santa Clara County, California, zip code 94301.

Location Insight

City

Palo Alto

County

Santa Clara

State

California

Latitude

37.4465

Longitude

-122.16

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