Prime mixed-use building with established tenant in Downtown Palo Alto, steps away from University Avenue. Well-maintained 12,300 sqft two-story building with 50 ft frontage on Waverley Street in the heart of Palo Alto Commercial District, conveniently adjacent to large public parking lot. Acclaimed restaurant occupies the first floor with a… Read More long-term lease. Exquisite traditional design with timeless trim work, moldings and paneling, recessed lighting, and sliding panels to create more intimate spaces for private dining. 168 seating capacity. Full bar with stone countertop. Wine wall. Expansive modern professional kitchen, over 2,000 sq ft, all stainless-steel counters and shelving; sinks and appliances including multiple ovens, gas burners, fryers, steamers and workstations. Large walk-in refrigerator and 2 large bathrooms.The second floor has 6,150 sqft office space with separate entrance; was recently remodeled with wide-plank floors, high ceilings, modern industrial style. Remodeled kitchenette. Contemporary bathrooms with 3 stalls and elegant white, textured tiles. Blend of 5 enclosed rooms for offices or meetings, and wide-open concept workspace. Abundance of natural light throughout. Stairwells at front and back. Don't miss this exceptional investment opportunity! Read Less
Courtesy of Coldwell Banker Realty, Annie Watson 650-380-9898
Listing Snapshot
Days Online
21
Last Updated
Property Type
Commercial Property
Square Ft.
11,243
Lot Size
0.14 Acres
Year Built
1938
MLS Number
ML81987991
30 Days Snapshot Of 94301
$3,834k
-27%
(avg) sold price
6
-60%
homes sold
47
+2%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 6151.00, Max Area Units: Square Feet, 0 yard square feet, Lot is 0.14120752984389 acres
Accessibility Features
Other
Building
11,243 structure square feet, 11,243 net leasable square feet, 0 warehouse square feet, Built in 1938, Age: 86
Cooling
Central AC
Foundation
Concrete Slab, Other
Garage
On Street
Water Features
Public
Heating
Central Forced Air
Interior Features
Minimum ceiling height: 7
Tenant Pays
Other
Miscellaneous
Total expenses: 0
Property
Zoning: CDCGP
Roof
Other
Security Features
Other
Taxes
Annual tax amount: $0
Utilities
Public Utilities, Master Electric, Master Gas, Master Water
Sewer
Sewer - Public
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