510 Waverley ST, Palo Alto, CA 94301
510 Waverley ST, Palo Alto, CA 94301
510 Waverley ST, Palo Alto, CA 94301
510 Waverley ST, Palo Alto, CA 94301
510 Waverley ST, Palo Alto, CA 94301
510 Waverley ST, Palo Alto, CA 94301
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Sam Spinella

Sam Spinella

+1(408) 393-9294
Listed by David O'such • Cornish & Carey Commercial, DRE#01033820
$ 3,450,000
Est. payment | /mo

1.5 Baths

2,570 SqFt

Save
$ 3,450,000
Est. payment | /mo
Save

1.5 Baths

2,570 SqFt

Key Details

Property Type Multi-Family

Sub Type Multiple Dwellings / Structures

Listing Status Active

Purchase Type For Sale

Square Footage 2,570 sqft

Price per Sqft $1,342

MLS Listing ID ML82064622

Half Baths 3

Year Built 1900

Lot Size 4,895 Sqft

Property Sub-Type Multiple Dwellings / Structures

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.

Location

State CA

County Santa Clara

Area Downtown Palo Alto

Zoning CDC(P)

Interior

Heating Central Forced Air

Cooling Central AC

Exterior

Parking Features Assigned Spaces, Tandem Parking

Utilities Available Public Utilities

Roof Type Composition

Building

Story 2

Foundation Unreinforced Masonry

Sewer Sewer - Public

Water Public

Level or Stories 2

Others

Tax ID 120-15-082

Security Features Security Alarm ,Security Service

Horse Property No

Special Listing Condition Not Applicable

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Sam Spinella
Sam Spinella

Your Trusted Real Estate Guy License ID: 01377658

+1(408) 393-9294 | sam@spinellagroup.com

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510 Waverley ST