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(650) 387-2535
Real Estate Company
510 Waverley ST, Palo Alto, CA 94301
- $3,450,000
- 2,570
- SqFt
Listed by David O'such, 650-465-1100 from Cornish & Carey Commercial
(If provided) CoList: from
- List Price
- $3,450,000
- MLS#
- ML82064622
- Status
- ACTIVE
- Zoning
- CDC(P)
- Sqft. of Residence
- 2,570
- Lot Size
- 4,895
- Listing Area
- Downtown Palo Alto
Property Description
Located in downtown Palo Alto, this mixed-use property is zoned CD-C(P) which allows for the second floor to be converted into residential. Ground floor is 2,570 square feet and leased to one office tenant and one retail tenant. Take advantage of up to 2,500 bonus square feet completing a historical upgrade to the building and use the bonus square footage to build out a residential unit on the second floor. The property is served by the Palo Alto Unified elementary school district. The building features central forced air heating and central air conditioning for year-round comfort. Notably, there is an exclusive parking area behind the building for 7 on site parking stalls. This property provides a value add opportunity for an investor interested in expanding the square footage of the property with a second floor residential unit, improving the ground floor rental rate with fresh cosmetic renovations.
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Additional Information
- Cooling System
- Central AC
- Foundation
- Unreinforced Masonry
- Garage Parking
- Assigned Spaces, Tandem Parking
- Heating System
- Central Forced Air
- Living Area
- 2,570
- Lot Size
- 4,895
- Neighborhood
- Downtown Palo Alto
- Other Utilities
- Public Utilities
- Roof
- Composition
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
- Zoning
- CDC(P)
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